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This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Book Synopsis Time-related Incentive and Disincentive Provisions in Highway Construction Contracts by : Gary J. Fick
Download or read book Time-related Incentive and Disincentive Provisions in Highway Construction Contracts written by Gary J. Fick and published by Transportation Research Board. This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Book Synopsis Incentives in Construction Contracts by : David B. Ashley
Download or read book Incentives in Construction Contracts written by David B. Ashley and published by . This book was released on 1986 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Traditional contracting is primarily transactional, rewarding contractors when deliveries are made or certain process milestones are met. Performance-Based Logistic (PBL) contracting seeks to base contractor incentives on ongoing performance measures to achieve reliability and cost savings. Key to the success of these arrangements are the incentives that align the interests of the customer and the vendor. This report describes the incentives used in PBL contracts, identifies best practices, and provides recommendations for effective incentives going forward. The study team interviewed PBL practitioners including defense-unique contractors, defense-commercial contractors, and experts who are knowledgeable in the government perspective in the United States and abroad. The team supplemented these interviews by analyzing a PBL dataset of U.S. Department of Defense contracts. Of the four identified categories of incentives—time-based, financial, scope, and other—interviews found that time-based incentives stood out for their reliable appeal and relative underuse in the United States.
Book Synopsis Use of Incentives in Performance-Based Logistics Contracting by : Gregory Sanders
Download or read book Use of Incentives in Performance-Based Logistics Contracting written by Gregory Sanders and published by Rowman & Littlefield. This book was released on 2018-04-19 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional contracting is primarily transactional, rewarding contractors when deliveries are made or certain process milestones are met. Performance-Based Logistic (PBL) contracting seeks to base contractor incentives on ongoing performance measures to achieve reliability and cost savings. Key to the success of these arrangements are the incentives that align the interests of the customer and the vendor. This report describes the incentives used in PBL contracts, identifies best practices, and provides recommendations for effective incentives going forward. The study team interviewed PBL practitioners including defense-unique contractors, defense-commercial contractors, and experts who are knowledgeable in the government perspective in the United States and abroad. The team supplemented these interviews by analyzing a PBL dataset of U.S. Department of Defense contracts. Of the four identified categories of incentives—time-based, financial, scope, and other—interviews found that time-based incentives stood out for their reliable appeal and relative underuse in the United States.
This Second Edition focuses on the commercial issues of contracting, covering the lifespan of a contract in four stages: inception of need, bid and award, administration, termination. Written from the owners' perspective, it is appropriate for construction managers and contract administrators. New material includes the effects of the computer on construction management practices, the risks and rewards of cross-border contracts and the role of the lawyer.
Book Synopsis Managing Construction Contracts by : Robert D. Gilbreath
Download or read book Managing Construction Contracts written by Robert D. Gilbreath and published by John Wiley & Sons. This book was released on 1992-04-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Second Edition focuses on the commercial issues of contracting, covering the lifespan of a contract in four stages: inception of need, bid and award, administration, termination. Written from the owners' perspective, it is appropriate for construction managers and contract administrators. New material includes the effects of the computer on construction management practices, the risks and rewards of cross-border contracts and the role of the lawyer.
Book Synopsis Project Management for Construction by : Chris Hendrickson
Download or read book Project Management for Construction written by Chris Hendrickson and published by Chris Hendrickson. This book was released on 1989 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unique Features of Construction Contract Incentive Plans by : C. William Ibbs
Download or read book Unique Features of Construction Contract Incentive Plans written by C. William Ibbs and published by . This book was released on 1988 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt:
This study investigated various types of cost reimbursement contracts, with particular emphasis on the Cost Plus Incentive Fee (CPIF) contract. Pertinent regulations, guides, literature, and other data were studied and consolidated to form the basis for the guidance and recommendations offered. The various elements of the CPIF are defined and their interrelationships explained. Techniques for structuring CPIF contracts for maximum effectiveness are suggested. (Author).
Book Synopsis Cost Plus Incentive Fee for Construction Contracts by : Michael J. O'Connor
Download or read book Cost Plus Incentive Fee for Construction Contracts written by Michael J. O'Connor and published by . This book was released on 1980 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigated various types of cost reimbursement contracts, with particular emphasis on the Cost Plus Incentive Fee (CPIF) contract. Pertinent regulations, guides, literature, and other data were studied and consolidated to form the basis for the guidance and recommendations offered. The various elements of the CPIF are defined and their interrelationships explained. Techniques for structuring CPIF contracts for maximum effectiveness are suggested. (Author).
This book proposes ways to make construction project incentive schemes effective. In this book, construction incentivization is used as a collective term that includes all forms of incentive arrangements aiming to engender extra effort of the contracting parties for the improvement of project performance. This book addresses two questions: i) why so many construction incentive schemes are not delivering the desired outcome? and ii) what will make incentive works under different circumstances? This book contributes to the body of knowledge in construction incentivization by offering conceptualization, showcases and practice suggestions including guidelines for the planning of construction incentive schemes.
Book Synopsis Construction Incentivization by : Sai On Cheung
Download or read book Construction Incentivization written by Sai On Cheung and published by Springer Nature. This book was released on 2023-05-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes ways to make construction project incentive schemes effective. In this book, construction incentivization is used as a collective term that includes all forms of incentive arrangements aiming to engender extra effort of the contracting parties for the improvement of project performance. This book addresses two questions: i) why so many construction incentive schemes are not delivering the desired outcome? and ii) what will make incentive works under different circumstances? This book contributes to the body of knowledge in construction incentivization by offering conceptualization, showcases and practice suggestions including guidelines for the planning of construction incentive schemes.
Value management incentive programmes and clauses are a powerful mechanism for allowing continuity of contractors' input throughout a project delivery. The fact that incentive programmes have been overlooked in the reports and publications portraying alliancing and partnering as the way forward, means that this effective tool has been largely lost to the UK construction industry. The book considers value incentive programmes in depth, highlighting their application and benefits to client and contractor. It provides an insight into contractor-led value engineering and its effective use in different procurement forms.
Book Synopsis Value Management Incentive Programme by : Nigel A. Standing
Download or read book Value Management Incentive Programme written by Nigel A. Standing and published by Thomas Telford. This book was released on 2001 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value management incentive programmes and clauses are a powerful mechanism for allowing continuity of contractors' input throughout a project delivery. The fact that incentive programmes have been overlooked in the reports and publications portraying alliancing and partnering as the way forward, means that this effective tool has been largely lost to the UK construction industry. The book considers value incentive programmes in depth, highlighting their application and benefits to client and contractor. It provides an insight into contractor-led value engineering and its effective use in different procurement forms.
Book Synopsis Construction Contract Claims by : American Bar Association. Section of Insurance, Negligence, and Compensation Law
Download or read book Construction Contract Claims written by American Bar Association. Section of Insurance, Negligence, and Compensation Law and published by . This book was released on 1978 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:
