Evaluation of current incentive/disincentive procedures in construction.
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2004-10-01
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Abstract:This study was initiated to take an in-depth look at the current time and material incentive/disincentive program associated with highway construction projects in Kentucky. The current incentive/disincentive program was first initiated in the mid to late 90's. however, not until recently had some of the original mechanisms of the program been revisited and/or up-dated. At the onset of this project the study advisory committee made a tremendous effort to devise a working plan for this study that would evaluation both the time and material incentive and disincentive program. In addition to the evaluation of the program, tremendous effort was also undertaken to answer some age old questions regarding the quality of projects that have received time incentive bonuses in the past.
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