Systematic Procedures To Determine Incentive Disincentive Dollar Amounts For Highway Transportation Construction Projects
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Systematic Procedures To Determine Incentive Disincentive Dollar Amounts For Highway Transportation Construction Projects
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Author : Jae-Ho Pyeon
language : en
Publisher:
Release Date : 2012
Systematic Procedures To Determine Incentive Disincentive Dollar Amounts For Highway Transportation Construction Projects written by Jae-Ho Pyeon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Incentives in industry categories.
The Federal Highway Administration has encouraged state transportation agencies to implement Incentive/Disincentive (I/D) contracting provisions for early project completion. Although general guidelines to determine the I/D dollar amount for a project are available, there is no systematic and practical tool in use to determine optimum I/D dollar amounts for I/D projects considering road user cost, agency cost, contractor acceleration cost, and contractor cost savings. Therefore, systematic procedures and models to assist project planners and engineers in determining an appropriate I/D dollar amount are essential to optimizing the use of I/D contracting techniques. This research performed a literature review related to the determination of daily I/D dollar amounts. Caltrans I/D project data were then collected and evaluated. Project performance data were analyzed with regard to project outcomes in two key areas: project time and project cost. Statistical analyses were performed to identify the impact of I/D dollar amount on project time and cost performance. Using Construction Analysis for Pavement Rehabilitation Strategies (CA4PRS) software, Caltrans I/D projects were analyzed to introduce three different levels of CA4PRS implementations for the I/D dollar amounts calculation. Based on the results of the I/D project case studies, the systematic procedures to determine appropriate I/D dollar amounts were developed using the CA4PRS schedule-traffic-cost integration process for the new I5 rehabilitation project in LA. The proposed procedures were applied to a typical highway pavement rehabilitation project using HMA (hot mix asphalt) materials. Further research is needed to apply the proposed model to other types of highway projects, with adjustment for the type of project.
Optimal Incentive Disincentive Determination Between Cost And Benefit
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Author : Piyush Sharma
language : en
Publisher:
Release Date : 2013
Optimal Incentive Disincentive Determination Between Cost And Benefit written by Piyush Sharma and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
In an effort to motivate contractors to complete construction projects early on high-impact highway pavement construction projects, state transportation agencies (STAs) including TxDOT have often used incentive/disincentive (I/D) contracts. However, determining I/D rates is extremely difficult due largely to the lack of systematic methods for helping STAs determine effective I/D rates. The primary goal of this project is to develop a novel framework for determining the most realistic and economical I/D dollar amounts for high-impact highway improvement projects. To achieve its goal, this project proposes an integration analysis including project schedule and the lower and upper bounds of the I/D contract. The lower bound is the contractor's additional cost of acceleration, and the upper is the total savings to road users and to the agency. The study data were gathered using Construction Analysis for Pavement Rehabilitation Strategies (CA4PRS) software. These data were then grouped by four different types of pavements, namely Joint Plain Concrete Pavement (JPCP), Continuously Reinforced Concrete Pavement (CRCP), Hot Mix Asphalt (HMA), and Milling and Asphalt Concrete Overlay (MACO). With these data, a series of regression analyses were carried out to develop predictive models for the validation of time-cost tradeoff to determine I/D lower bound. Road user cost and agency cost savings were quantified using CA4PRS to develop lookup tables to determine I/D upper bound. Adjustment of contractors' additional cost of acceleration with Level of Service (LOS) and total savings adjustment using Net Present Value (NPV) were incorporated in the research study to calculate point based estimates of I/D for lower and upper bound, respectively. Lastly, case studies on real world projects were conducted to evaluate robustness of the model. The research results reveal that the predictive models give appropriate results for the case studies in determining the I/D dollar amount for the lower and upper bound. This study will provide the research community with the first view and systematic estimation method that STAs can use to determine the most economical and realistic I/D dollar amount for a given project- an optimal value that allows the agency to stay within budget while effectively motivating contractors to complete projects ahead of schedule. It will also significantly reduce the agency's expenses in the time and effort required for determining I/D dollar amounts. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/151087
Estimating User Costs As A Basis For Incentive Disincentive Amounts In Highway Construction Contracts
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Author : James S. Gillespie
language : en
Publisher:
Release Date : 1998
Estimating User Costs As A Basis For Incentive Disincentive Amounts In Highway Construction Contracts written by James S. Gillespie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Road construction contracts categories.
The Virginia Department of Transportation (VDOT) occasionally includes an incentive/ disincentive for early completion (I/D) in its construction contracts. This report presents the results of a project to identify procedures that would (1) enhance the effectiveness and enforceability of the I/D provision and (2) reduce the staff time and effort necessary to determine the need for an I/D and to calculate an appropriate per-day dollar amount. The researcher first reviewed the relevant literature pertaining to construction contracts and to road user cost calculation, and then evaluated the available user cost methodologies, especially computer software. Next, the researcher surveyed the current use of I/D provisions in Virginia and other states, and described VDOT's current project development process, with special emphasis on the user cost data that are typically generated during that process. The report makes five conclusions. First, various forms of I/D, though known by a variety of names, are fundamentally similar. Second, use of an incentive rather than a disincentive alone enhances the enforceability of the disincentive clause, though it may increase the final cost of the contract. Third, cost-plus-time bidding enhances the effectiveness of the incentive clause and the enforceability of the disincentive clause. Fourth, the end of the design public hearing is a logical point for VDOT to judge the need for an I/D. Fifth, road user cost savings calculated from the output of the Highway Capacity Software already in common use in VDOT forms a legally sound justification for a per-day dollar I/D amount.
Guide For Pavement Type Selection
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Author : John Hallin
language : en
Publisher: Transportation Research Board
Release Date : 2011
Guide For Pavement Type Selection written by John Hallin and has been published by Transportation Research Board this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Technology & Engineering categories.
TRB's National Cooperative Highway Research Program (NCHRP) Report 703: Guide for Pavement-Type Selection includes processes for conducting systematic evaluations of pavement alternatives and for making decisions on pavement-type selection. The processes may be used for both agency-based and contractor-based type selections and may be applied to different pavement types and structures.
Time Related Incentive And Disincentive Provisions In Highway Construction Contracts
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Author : Gary J. Fick
language : en
Publisher: Transportation Research Board
Release Date : 2010
Time Related Incentive And Disincentive Provisions In Highway Construction Contracts written by Gary J. Fick and has been published by Transportation Research Board this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Federal Register
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Author :
language : en
Publisher:
Release Date : 2014
Federal Register written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Delegated legislation categories.
Project Management For Construction
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Author : Chris Hendrickson
language : en
Publisher: Chris Hendrickson
Release Date : 1989
Project Management For Construction written by Chris Hendrickson and has been published by Chris Hendrickson this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Construction industry categories.
Strategies For Work Zone Transportation Management Plans
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Author : Leverson Boodlal
language : en
Publisher:
Release Date : 2020
Strategies For Work Zone Transportation Management Plans written by Leverson Boodlal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Road work zones categories.
One of the ways a state department of transportation or other transportation agency can address work zone safety and other impacts is to develop and implement a Transportation Management Plan (TMP). The TRB National Cooperative Highway Research Program's NCHRP Research Report 945: Strategies for Work Zone Transportation Management Plans provides a practitioner-ready guidebook on how to select and implement strategies that improve safety and traffic operations in roadway construction work zones. Supplemental materials to the report include NCHRP Web-Only Document 276: Evaluating Strategies for Work ZoneTransportation Management Plans; fact sheets on ramp meter, reversible lane, and truck restrictions; and guidebook appendices.
Life Cycle Cost Analysis In Pavement Design
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Author : James Walls
language : en
Publisher:
Release Date : 1998
Life Cycle Cost Analysis In Pavement Design written by James Walls and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Life cycle costing categories.
This Interim Technical Bulletin recommends procedures for conducting Life-Cycle Cost Analysis (LCCA) of pavements, provides detailed procedures to determine work zone user costs, and introduces a probabilistic approach to account for the uncertainty associated with LCCA inputs.
Capital Preventive Maintenance
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Author :
language : en
Publisher:
Release Date : 2004
Capital Preventive Maintenance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Highway departments categories.