Time-Related Incentive and Disincentive Provisions in Highway Construction Contracts (2010) / Chapter Skim
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The impacts of I/D provisions on the following project factors were investigated: • Cost • Innovation • Contract Administration • Staffing • Quality • Safety The following statements provide a concise summary of the impact of time-related I/D provisions on each of the project factors investigated: • Cost -- Accelerating construction to achieve earlier completion leads to increased costs. The degree of cost increase depends on many factors.
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requires STAs to establish liquidated damages that, at a minimum, recover the STAs estimated daily construction engineering costs for overruns in contract time. All I/D provisions are used in conjunction with liquidated damages, meaning that the disincentive portion of an I/D provision consists of more than just the minimum agreed to daily engineering construction costs that will be recovered in the case of late completion of a milestone or project.
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From page 3... ...
. Calculation of the final incentive or disincentive is the product of a daily rate established by the contracting agency multiplied by the number of days of early or late completion.
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From page 4... ...
When lane rental is included as a contract pay item, any underrun in the total lane rental incurred may or may not be paid to the contractor depending on the specification language. Glossary AADT: Average annual daily traffic Contract Item (Pay Item)
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