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• W201869819 abstract "This research effort sought to develop statistically justifiable means for developing a schedule of liquidated damage (LD) rates to be adopted by the Alabama Department of Transportation (ALDOT). The procedure outlined is to be used to review and update the LD rates found in ALDOTs standard specifications for highway construction contracts, since their current schedule and review procedure has come under legal scrutiny. After a review of pertinent literature on the subject, it was determined that there was lack of documentation concerning State Highway Agencies (SHAs) use of LDs. As a result, an electronic survey was created and sent out to all SHAs to determine the state-of-thepractice regarding the use of LDs by SHAs in construction contracts. This survey experienced a 100% response rate. Using the knowledge obtained from the survey, two statistically justifiable methodologies were developed to calculate LD rates using historical project cost accounting data including: (1) a traditional LDs provision based on FHWA guidelines with the LD rates stipulated in a table as a function of contract value, and (2) a more complex table in which the LDs rates are categorized by contract value as well as by project type (i.e. bridge, road, building, etc.). These methods were then compared to the current ALDOT procedure. The first methodology which stipulates LD rates in a table by contract value was determined to be the most robust method. The project type method successfully stipulated LDs by both contract value and project type, but assumptions were made concerning the project type designations due to lack of information in the historical project data, introducing bias to the procedure weakening its objectivity. The final product of this research effort is a set of stepwise guidelines for practitioners to reference when reviewing and updating their schedule of LD rates." @default.
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• W201869819 date "2008-10-01" @default.
• W201869819 modified "2023-09-24" @default.
• W201869819 title "DEVELOPMENT OF A PROCEDURE FOR UPDATING LIQUIDATED DAMAGE RATES USED IN ALDOT CONSTRUCTION CONTRACTS" @default.
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