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

Details

• Creators:
  Dye, Bill ; Kraft, Elizabeth ; Mills, Peter ; Gransberg, Douglas
• Corporate Creators:
  United States. Department of Transportation. Federal Highway Administration. 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
• 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
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/35944/dot_35944_DS1.pdf
• File Type:
  [PDF - 66.89 KB]
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:2afd8e7948da90b5667e29af59f4f7c2588f73370715c2f3ee510ba881959d07c69e1b6f8d575865e820a82dc8b9f6a6c43a6316dc9623eba7b958151b12c605