TIME/COST BIDDING. IN: PREPARING FOR CONSTRUCTION IN THE 21ST CENTURY, PROCEEDINGS OF CONSTRUCTION CONGRESS '91, SPONSORED BY THE AMERICAN SOCIETY OF CIVIL ENGINEERS IN COOPERATION WITH THE AMERICAN INSTITUTE OF MINING ENGINEERS AND THE AMERICAN ARBITRATION ASSOCIATION, CAMBRIDGE, MASSACHUSETTS, APRIL 13-16, 1991

This paper presents the details of a relatively new and innovative approach to determining the low bidder on highway construction contracts. In the cost and time method each bidder proposes both a time duration for the project and traditional unit prices for the work items. A Road User Cost is applied to the proposed contract times. The low bidder is determined as the proposal which provides the lowest combination of bid cost and total road user cost. This paper analyzes the data acquired from 16 case studies and the conclusions drawn from them. Using those conclusions, an innovative bidding procedure can be developed for application in public and private sectors.

Media Info

  • Features: References; Tables;
  • Pagination: 6 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00619109
  • Record Type: Publication
  • ISBN: 0-87262-801-9
  • Files: TRIS
  • Created Date: Feb 29 1992 12:00AM