Performance-Based Contractor Prequalification as an Alternative to Performance Bonds [Tech Brief]

Dye, Bill; Kraft, Elizabeth; Mills, Peter; Gransberg, Douglas; Turner-Fairbank Highway Research Center

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Performance-Based Contractor Prequalification as an Alternative to Performance Bonds [Tech Brief]

2014-01-01
By Dye, Bill ; Kraft, Elizabeth ; Mills, Peter ; ...

[PDF-66.89 KB]

English

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Creators:

Dye, Bill ; Kraft, Elizabeth ; Mills, Peter ; Gransberg, Douglas

Dye, Bill ; Kraft, Elizabeth ; Mills, Peter ; Gransberg, Douglas Less -
Corporate Creators:

Turner-Fairbank Highway Research Center
Corporate Contributors:

United States. Federal Highway Administration
Subject/TRT Terms:

[+]

Benefit Cost Analysis Contractors Literature Reviews Performance Based Specifications Prequalifications State Departments Of Transportation Surety Bonds
Publication/ Report Number:

FHWA-HRT-14-035
Resource Type:

Tech Report
Geographical Coverage:

North America
Corporate Publisher:

United States. Federal Highway Administration
NTL Classification:

NTL-HIGHWAY/ROAD TRANSPORTATION-HIGHWAY/ROAD TRANSPORTATION;NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE;
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.
Format:

PDF
Collection(s):

Federal Highway Administration
Main Document Checksum:

[+]

urn:sha256:74df957389e563eb8aef69f184ac109bf69e04b917a675c426fc87c7fe7574bf
Download URL:

https://rosap.ntl.bts.gov/view/dot/35944/dot_35944_DS1.pdf
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No Additional Files

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Performance-Based Contractor Prequalification as an Alternative to Performance Bonds [Tech Brief]

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