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- W587057266 abstract "This article outlines many of the innovative contracting practices that are changing the job process of the roadbuilding industry. Warranties are used to guarantee guaranteeing the performance and quality of a road during a specific period of time. Most last 5 years; and if a problem does develop, it is the responsibility of the contractor to make any necessary repairs. Design-build still receives criticism, but continues to gain acceptance. One of the oldest forms of innovative contracting, A + B involves combining the estimated cost of the unit prices and the time involved. Lane rental is a component of innovative contracting usually used in A + B projects. The state charges the contractor for each day a lane is closed. Another innovative contracting subtitle, the no excuse bonus is self-explanatory. In incentive/disincentive bids, the contractor is offered an incentive if the project is finished early or the product is superior; however, if the project fails certain quality checks or is late, there is a disincentive. Perhaps the least popular among contractors, the bid averaging method (BAM) is when the DOT throws out the high bidder and low bidder, averages the price inbetween, and awards the project to whoever comes closest to the average. With liquidated savings, the state gives the contractor a bonus for finishing early from savings on administrative costs. The savings, however, usually do not amount to much. Indefinite delivery/indefinite quantity is when a state says it wants a certain amount of, for example, paving done during the year. The contractor is basically on call, so when there is a need for paving, the state can mobilize them quickly without having to go through the bidding process. Design-build-finance is when the contractor supplies some of the financing and gets reimbursed at the end of the project." @default.
- W587057266 created "2016-06-24" @default.
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- W587057266 date "2000-01-01" @default.
- W587057266 modified "2023-09-23" @default.
- W587057266 title "WHEELIN' AND DEALIN'" @default.
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