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Title: COST-TIME BIDDING CONCEPT: AN INNOVATIVE APPROACH
Accession Number: 00605680
Record Type: Component
Availability: Find a library where document is available Abstract: Details are presented of a relatively new and innovative approach for 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 (RUC) is applied to the proposed contract times. The low bidder is determined as the proposal that provides the lowest combination of bid cost and total RUC. Several state transportation authorities have experimented with this system. Results of these trial cases and the comments of the participants provide interesting indications as to the merits of this new system. Data acquired from 16 case studies are analyzed. Using the conclusions, an innovative bidding procedure is developed for application in public and private sectors.
Supplemental Notes: This paper appears in Transportation Research Record No. 1282, Transportation Construction 1990. 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
Monograph Title: Monograph Accession #: 01411066
Authors: Ellis Jr, Ralph DHerbsman, Zohar JPagination: p. 89-94
Publication Date: 1990
Serial: ISBN: 0309050596
Features: Figures
(4)
; References
(11)
; Tables
(3)
TRT Terms: Uncontrolled Terms: Old TRIS Terms: Subject Areas: Administration and Management; Construction; Finance; Highways; I10: Economics and Administration; I50: Construction and Supervision of Construction
Files: TRIS, TRB, ATRI
Created Date: Mar 31 1991 12:00AM
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