Author: Jubair Ahmed
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Performance-based contracting (PBC) for roadway maintenance is relatively new among various alternative contracting options available at present and is increasingly drawing more attention from state Departments of Transportation (DOTs) and the contracting community. Because performance-based maintenance contracts extend over multiple years (typically 5-7 years) and shift performance risk to contractors, it is critical that contractors be selected based on a form of best-value method rather than on the conventional low-bid method. Currently, highway agencies use various methods for determining the best-value bid based on cost and technical scores. Five best-value bid identification methods that are already in practice by the state transportation agencies in Florida, Virginia, North Carolina, United Kingdom, and New Zealand were used as case studies for this research. These five methods were evaluated in terms of the agency's willingness to pay for quality and the neutrality of these methods with respect to lowest bid and highest quality. To understand and describe the bid evaluation method, the agency can develop a willingness to pay (WTP) curve. This curve should represent the agency's needs and budget, reflect their project characteristics, and accommodate associated performance risks. An Excel macro based software tool has been developed that automates these five best-value bid identification methods and also helps customize anyone of these options for any agency.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292611097
Category : Technology & Engineering
Languages : en
Pages : 165
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Book Description
Road asset management is one of the top priorities of the Central Asia Regional Economic Cooperation (CAREC) Transport and Trade Facilitation Strategy 2020. The implementation of performance-based road maintenance contracts (PBCs)—an essential element of road asset management—promotes effective and efficient maintenance of road networks. Well-designed PBCs keep roads in predefined good condition at relatively low cost. This guide aims to help policy makers in CAREC member countries understand and implement PBCs. After a brief history of the development of PBCs, it discusses the various types of PBCs and their relative advantages and disadvantages. It highlights PBC implementation in selected developed, developing, and transitional countries, including CAREC member countries, to illustrate best practices.
Author: United States. Department of the Interior. Office of Acquisition and Property Management
Publisher:
ISBN:
Category : Contracting out
Languages : en
Pages : 28
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Book Description
Author:
Publisher: AASHTO
ISBN: 1560515007
Category : Science
Languages : en
Pages : 153
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Book Description
"Publication code: GVM-1" -- P. [4] of cover.
Author: Cindy L. Menches
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 222
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Book Description
Author: Charles Nehme
Publisher: Charles Nehme
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 76
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Book Description
The process of MEP (Mechanical, Electrical, and Plumbing) bidding is a crucial aspect of the construction industry, encompassing the detailed and competitive procedure through which contractors propose their costs and plans for executing MEP systems in a construction project. This phase is integral to ensuring that projects are completed efficiently, within budget, and to the required standards. MEP systems form the backbone of modern building infrastructure, encompassing essential services such as heating, ventilation, air conditioning (HVAC), electrical power and lighting, water supply and drainage, fire protection, and sometimes building automation systems. Given their complexity and importance, the bidding process for MEP contracts requires meticulous planning, precise estimation, and strategic negotiation. Key Components of MEP Bidding Project Understanding: A thorough comprehension of the project scope, including reviewing architectural drawings, specifications, and other relevant documents, is essential. This helps in identifying the specific requirements and constraints of the MEP systems. Pre-Bid Meetings: These meetings, often held by the project owners or general contractors, provide an opportunity for potential bidders to seek clarifications, ask questions, and understand the project's nuances. Attendance and active participation in these meetings are crucial for accurate bidding. Site Visits: Conducting site visits allows bidders to assess the existing conditions, understand logistical challenges, and gather information that might not be apparent from the drawings and specifications alone. Estimating Costs: Accurate cost estimation is a cornerstone of the MEP bidding process. This involves calculating material costs, labor costs, equipment costs, and factoring in contingencies and overheads. Advanced software tools and historical data are often used to enhance precision. Value Engineering: This involves analyzing the project to identify cost-saving opportunities without compromising on quality or performance. Value engineering can give bidders a competitive edge by proposing more efficient solutions. Bid Submission: Preparing and submitting the bid package involves compiling all the required documents, including cost estimates, schedules, compliance certificates, and any other specified forms. Adhering to the submission guidelines and deadlines is critical. Negotiations and Clarifications: Post-submission, there may be rounds of negotiations and requests for clarifications. Bidders must be prepared to justify their estimates and possibly refine their proposals based on feedback. Awarding the Contract: Finally, the project owner reviews all bids and awards the contract to the most suitable bidder, which is not always the lowest bidder but the one offering the best value for money considering all factors. Challenges and Best Practices The MEP bidding process is fraught with challenges, including tight deadlines, fluctuating material prices, and the need for high accuracy. Best practices such as maintaining detailed records, continuous learning, and leveraging technology can mitigate these challenges. Additionally, fostering strong relationships with suppliers and subcontractors can lead to more accurate and competitive bids. In conclusion, the MEP bidding process is a complex but vital component of the construction industry, requiring a blend of technical knowledge, strategic thinking, and meticulous planning. By understanding and mastering this process, contractors can enhance their competitiveness and contribute to the successful delivery of construction projects.
Author: Diego Galar
Publisher: CRC Press
ISBN: 1498769551
Category : Technology & Engineering
Languages : en
Pages : 492
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Book Description
Authors have attempted to create coherent chapters and sections on how the fundamentals of maintenance cost should be organized, to present them in a logical and sequential order. Necessarily, the text starts with importance of maintenance function in the organization and moves to life cycle cost (LCC) considerations followed by the budgeting constraints. In the process, they have intentionally postponed the discussion about intangible costs and downtime costs later on in the book mainly due to the controversial part of it when arguing with managers. The book will be concluding with a short description of a number of sectors where maintenance cost is of critical importance. The goal is to train the readers for a deeper study and understanding of these elements for decision making in maintenance, more specifically in the context of asset management. This book is intended for managers, engineers, researchers, and practitioners, directly or indirectly involved in the area of maintenance. The book is focused to contribute towards better understanding of maintenance cost and use of this knowledge to improve the maintenance process. Key Features: • Emphasis on maintenance cost and life cycle cost especially under uncertainty. • Systematic approach of how cost models can be applied and used in the maintenance field. • Compiles and reviews existing maintenance cost models. • Consequential and direct costs considered. • Comparison of maintenance costs in different sectors, infrastructure, manufacturing, transport.
Author: Akhtar Surahyo
Publisher: Springer
ISBN: 3319666851
Category : Technology & Engineering
Languages : en
Pages : 259
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Book Description
This book provides an overall understanding of construction contracts, explaining a range of topics with in-depth examples, allowing engineers, site managers, architects, contractors, and other construction professionals in search of information on construction contracts to find it in one place. The volume further serves as a learning tool and a reference guide for students and instructors. Adopting a primarily Canadian perspective, the book provides references from two Standard Contract Documents CCDC (Canadian Construction Document Committee) and FIDIC (International Federation of Consulting Engineers) and briefly describes other major contract documents used within USA and UK construction industries.
Author: Sidney Scott III and Linda Konrath
Publisher: Transportation Research Board
ISBN: 0309273838
Category :
Languages : en
Pages : 474
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Book Description
This report from the second Strategic Highway Research Program (SHRP 2), which is administered by the Transportation Research Board of the National Academies, describes suggested performance specifications for different application areas and delivery methods that users may tailor to address rapid highway renewal project-specific goals and conditions.
Author: Wolters Kluwer
Publisher: CCH
ISBN: 9781454880714
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This new, single-volume resource provides the most complete guidance available for analyzing the cost and pricing aspects of federal government contracts--so you can propose and negotiate appropriate prices and win contracts. The practical Contract Pricing Reference Guide reference combines five manuals into a single source, covering: Price Analysis Quantitative Techniques for Contract Pricing Cost Analysis Advanced Issues in Contract Pricing And Federal Contract Negotiation Techniques Determine the Proper Pricing to Win Government Business Throughout these pages, you will find highly detailed explanations of how the government evaluates proposals, arrives at pricing, chooses contractors, and awards contracts. With Contract Pricing Reference Guide, you can more confidently: Conduct market research for price analysis Employ proven techniques of quantitative price analysis Propose a fair and appropriate price Confidently engage in sealed bidding Include only what's allowable in the price Employ the most effective, competitive pricing strategies And engage in effective contract negotiations The One-of-a-Kind, Time-Saving Pricing Resource The all-new Contract Pricing Reference Guide provides a road-map for how to set correct pricing and engage in the competitive bidding process. It is a practical business tool to help you acquire government contract business--and it brings all the most valuable pricing information together in an easy-access, single-volume resource that puts everything you need literally right in front of you. No other resource delivers all of this together in one place, making it the most convenient way to obtain the most vital information on pricing government contracts.
