Evaluation of risk in change orders report for AKDOT construction staff.

Details

• Creators:
  Perkins, Robert A.
• Corporate Creators:
  University of Alaska Fairbanks. Institute of Northern Engineering
• Corporate Contributors:
  United States. Federal Highway Administration
• Subject/TRT Terms:
  • Risk analysis
  • Risk management
  • Contracts
  • Pricing
  • Cost estimating
  • Construction projects
• Publication/ Report Number:
  INE/AUTC 11.08 ; FHWA-AK-RD-12-16
• Resource Type:
  Tech Report
• Geographical Coverage:
  Alaska
• Corporate Publisher:
  Alaska University Transportation Center ; Alaska. Dept. of Transportation and Public Facilities
• Abstract:
  Work changes are common in construction contracts, especially for large projects. When contract changes must be made, how the owner ; (the organization paying for the work) and the contractor (the firm performing the work) agree on a fair and reasonable cost can be as ; complex as a good poker game. It is usually in the owner’s best interest to negotiate a lump sum price for changes before the new work ; starts (forward-pricing). Forward-pricing passes considerable risk (such as work delays, changing weather, getting new materials to ; remote sites, and re-scheduling other projects) to the contractor, who deserves some compensation for assuming it. The owner wants the ; best deal possible, and the contractor is the best judge of his (or her) own costs. The stakes can be higher in Alaska, where a short ; building season and remote locations can push a project into an additional year, with extra staging costs, staffing, and scheduling ; nightmares. This project, led by UAF engineering science management specialist Robert Perkins will produce a guide for AKDOT&PF ; managers and engineers that will better prepare them for judging project risk and estimating costs.
• Format:
  PDF
• Alternate URL:
  http://ntl.bts.gov/lib/51000/51100/51145/107059.Appendix-D-with-attachments.pdf
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/26939/dot_26939_DS1.pdf
• File Type:
  [PDF - 702.96 KB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha256:e6e9c57b03ae9a098ebda5428e35a75f3a625928be1318834b537e51e027313d