Abstract
AbstractThe Michigan DOT (MDOT) has been using monetary incentive/disincentive (I/D) payments/penalties to accelerate highway construction work. This paper examines whether the I/D for expediting construction captures the true cost (user delay savings versus actual I/D dollars) and identifies its impacts on the long-term pavement performance for projects that have been expedited. Data were collected and analyzed on projects built through acceleration techniques and similar projects, constructed under standard contract means from 1998 to 2012. The analyzed data statistically supports an improvement in the long-term project performance for incentive projects and suggests a trend that incentive clauses accelerate project schedules. Additionally, data analysis statistically supports the concept that incentive clauses increase project cost yet further analysis finds that the avoided user delay was higher than the additional paid cost for some incentive clauses. The analysis results highlight the effectiveness ...
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call