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Title:

Effective Risk Management Strategies in Construction and Maintenance Indefinite Delivery/Indefinite Quantity Contracts

Accession Number:

01590728

Record Type:

Component

Abstract:

Indefinite Delivery/Indefinite Quantity (IDIQ) contracting has been used by state departments of transportation for decades under a wide variety of names: job order contracts, push-button contracts, on-call contracts, master contracts, stand-by contracts, and the list goes on. The common factor that makes each of these procurement methods to be generically classified as IDIQ agreements is their use of a single procurement transaction to advertise, evaluate, and award a contract that provides the capacity to execute multiple projects for a quantity of services or products that is not known at the time the contract is signed. The higher level of uncertainty resulting from the “indefinite” nature of this contracting methodology brings the need for a set of risk management practices that are somewhat different than those used in traditional procurement approaches because of the multiple, repetitive nature of IDIQ. This paper presents a two-part framework for IDIQ contract risk analysis. The framework suggests the use of several risk management strategies during the planning phase (first part) and monitoring/control phase (second part) of the risk analysis process. This study is the result of a formal content analysis of IDIQ procurement documents, policy and procedure manuals from public agencies and the careful examination of survey responses from different types of contract participants.

Supplemental Notes:

This paper was sponsored by TRB committee AFH10 Standing Committee on Construction Management.

Monograph Accession #:

01584066

Report/Paper Numbers:

16-6287

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Rueda-Benavides, Jorge A
Gransberg, Douglas D

Pagination:

18p

Publication Date:

2016

Conference:

Transportation Research Board 95th Annual Meeting

Location: Washington DC, United States
Date: 2016-1-10 to 2016-1-14
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Subject Areas:

Administration and Management; Construction; Transportation (General); I10: Economics and Administration; I50: Construction and Supervision of Construction

Source Data:

Transportation Research Board Annual Meeting 2016 Paper #16-6287

Files:

TRIS, TRB, ATRI

Created Date:

Jan 12 2016 6:47PM