Details:

Creators:
Pierce, C.E. ; Huynh, N.N. ; Guimaraes, P.
Pierce, C.E. ; Huynh, N.N. ; Guimaraes, P. Less -
Corporate Creators:
University of South Carolina. Dept. of Civil & Environmental Engineering
Corporate Contributors:
South Carolina. Dept. of Transportation ; United States. Federal Highway Administration
South Carolina. Dept. of Transportation ; United States. Federal Highway Administration Less -
Subject/TRT Terms:
[+]
Bid Prices
Construction Materials
Cost Escalation
Price Index
Risk Mitigation
Unit Price Adjustment
Bids
Costs
Index Numbers
Prices
Unit Costs

Publication/ Report Number:
FHWA-SC-12-06 ; GT-12-01
FHWA-SC-12-06 ; GT-12-01 Less -
Resource Type:
Tech Report
Geographical Coverage:
South Carolina
Corporate Publisher:
University of South Carolina. Dept. of Civil & Environmental Engineering
NTL Classification:
NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE
Abstract:
This project was focused on the assimilation of information regarding unit price adjustment clauses, or PACs,

that are offered for construction materials at the state Departments of Transportation (DOTs). It is intended to

provide the South Carolina Department of Transportation (SCDOT) with the current state of the practice and

a better understanding of the financial and procedural benefits and risks associated with PACs. Asphalt and

fuel are the most common and traditional materials for which PACs are accepted. This report evaluates the

performance of SCDOT PACs for asphalt and fuel relative to its peers. This report also includes a PAC

feasibility assessment for ten materials, other than asphalt and fuel, which are consumed in construction and

maintenance operations. Steel was the singular material identified as a feasible option for PAC development;

there are steel PACs available at 15 other state DOTs. Recommendations are developed for a PAC that

covers reinforcing steel, but not structural steel.


Format:
PDF
Funding:
SPR Project No. 683
Collection(s):
US Transportation Collection
Main Document Checksum:
[+]
urn:sha256:e4ab2954d4c5613029567532de042e79bd1892de9023fe57ce8cbfb733f05dea
File Type:

Supporting Files

• No Additional Files

More +