COST-TIME BIDDING CONCEPT: AN INNOVATIVE APPROACH

Author(s)
ELLIS, RD, JR HERBSMAN, ZJ
Abstract

Details are pesented of a relatively new and innovative approach for determining the low bidder on highway construction contracts. In the cost and time method, each bidder proposes both a time duration for the project and traditional unit prices for the work items. Aroad user cost (ruc) is applied to the proposed contract times. Thelow bidder is determined as the proposal that provides the lowest combination of bid cost and total ruc. Several state transportation authorities have experimented with this system. Results of these trial cases and the comments of the participants provide interesting indications as to the merits of this new system. Data acquired from 16 case studies are analyzed. Using the conclusions, an innovative bidding procedure is developed for application in public and private sectors. This paper appears in transportation research record no. 1282, Transportation construction 1990.

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Publication

Library number
I 844333 IRRD 9111
Source

TRANSPORTATION RESEARCH RECORD WASHINGTON D.C. USA 0361-1981 SERIAL 1990-01-01 1282 PAG:89-94 T11

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