TIME IS MONEY: INNOVATIVE CONTRACTING METHODS IN HIGHWAY CONSTRUCTION

The focus of today's highway construction industry is on resurfacing, rehabilitating, and restoring existing roads. These projects create serious disruptions in the traffic flow and are a major inconvenience to the traveling public. Reducing construction time to lessen the inconvenience has become a major thrust of state highway agencies throughout the United States. A variety of contracting and bidding methods have been introduced that specifically address reduction of construction times. The four most popular methods are: bidding on cost/time, incentive/disincentive (I/D), bidding on cost/time combined with I/D, and lane rental. Research by the authors reveals that recent transportation projects constructed using these innovative contracting methods have been very successful in reducing construction time. This paper examines the advantages and disadvantages of these methods. Case studies from the United States and abroad are included.

Language

  • English

Media Info

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Filing Info

  • Accession Number: 00711553
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Sep 19 1995 12:00AM