EQUITABLE GRADUATED PAY SCHEDULES: AN ECONOMIC APPROACH

An approach for establishing graduated pay schedules that are realistic, equitable, and legally defensible is presented. The method consists of determining the present worth of the extra expense anticipated in the future as a result of work of deficient quality. An appropriate pay schedule is developed on the premise that it would be justifiable to withhold this amount from the contract price. The method is applicable in the case of construction items for which data are available that relate quality to performance. An example is given in which concrete pavement is evaluated in terms of compressive strength. /Author/

Media Info

  • Media Type: Print
  • Features: Figures; References;
  • Pagination: pp 27-29
  • Monograph Title: Process control in the construction industry
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00300409
  • Record Type: Publication
  • ISBN: 030902837X
  • Files: TRIS, TRB
  • Created Date: Sep 29 1979 12:00AM