| Title | Performance-Based Contractor Prequalification as an Alternative to Performance Bonds [Tech Brief] |
|---|---|
| Record ID | 61580 |
| Personal Name Creator |
Dye, Bill; Kraft, Elizabeth; Mills, Peter; Gransberg, Douglas |
| Corporate Creator | United States. Department of Transportation. Federal Highway Administration. Turner-Fairbank Highway Research Center |
| Corporate Contributor |
United States. Federal Highway Administration |
| Publisher | United States. Federal Highway Administration |
| Publication Date | 20140101 |
| Language | English |
| Abstract | State transportation departments must rely on private industry construction contractors to build, rehabilitate, and replace their infrastructure assets. The Federal Highway Administration (FHWA) is interested in ensuring that State transportation departments select contractors that can complete projects cost-effectively. One potential method to help select qualified contractors is to use a performance-based contractor prequalification process. FHWA commissioned this study to evaluate the wisdom of expanding the use of this process. This report presents the results of this study, which examined relevant literature, evaluated the benefits and costs of performance bonds and performance-based contractor prequalification, and recommended a model performance-based prequalification approach. |
| Rosap ID | dot:35944 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/35944 |
| TRT Terms | Benefit cost analysis; Contractors; Literature reviews; Performance based specifications; Prequalifications; State departments of transportation; Surety bonds |
| Classification | NTL - HIGHWAY/ROAD TRANSPORTATION - HIGHWAY/ROAD TRANSPORTATION; NTL - ECONOMICS AND FINANCE - ECONOMICS AND FINANCE |
| Geographical Coverage |
North America |
| TRIS Online Accession No |
1516556 |
| Report Number | FHWA-HRT-14-035 |
| Availability | Federal Highway Administration |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/61000/61500/61580/14035.pdf |
| Alternative URL | https://www.fhwa.dot.gov/publications/research/infrastructure/pavements/14035/14035.pdf |
| Format | |
| Database | NTL Digital Repository |