|
Title: ECONOMIC CONSEQUENCES OF CONSTRAINTS ON THE USE OF CONSTRUCTION EQUIPMENT. EQUIPMENT SPECIFICATIONS - END RESULT
Accession Number: 00458325
Record Type: Component
Availability: Find a library where document is available Abstract: The highway construction industry is tending toward a greater use of end result specifications. The singular criteria for their use is that they provide the owner with the desired final product. Given that this can be achieved through judicious application of the concept and the precise, descriptive development of the specifications, end results can yield numerous benefits to both the private and public sectors. The private sector benefits through increased opportunity for competition, which provides contractors and suppliers alike a chance to consider all options in their least cost analyses. Those options can include method proposals for an unlimited number of scenarios for labor, equipment, and materials. The public sector, or owner in this case, also benefits from increased competition because it is the recipient of the theoretical least cost alternative for the desired end product. Many other benefits accrue from the end result approach, such as greater flexibility, material and equipment economies, and conservation of resources. Perhaps, of greater significance, is the message that the marketplace is the most efficient mechanism for providing choice of method, when end results can be properly defined and method can be permitted to become variable. There is a place for end result specifications in highway construction and they should be considered at every opportunity.
Supplemental Notes: This paper appeared in Transportation Research Circular N305, Economic Consequences of Constraints on the Use of Construction Equipment. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Clevenger, R LPagination: p. 2-5
Publication Date: 1986-6
Serial: Media Type: Digital/other
TRT Terms: Uncontrolled Terms: Subject Areas: Construction; Economics; Highways; Maintenance and Preservation; Vehicles and Equipment; I61: Equipment and Maintenance Methods
Files: TRIS, TRB
Created Date: Sep 30 1988 12:00AM
More Articles from this Serial Issue: |