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| Student: | Kunhee Choi | ||||
| Project Title: | Time-based Innovative Contracting Methods in Highway Construction Contracts: Determining Effectiveness and Developing a Decision-Support Model | ||||
Abstract(Key objectives, description of work, expected outcome) | Amongst researchers there exists a disagreement about the effectiveness of using time-based innovative contracting methods (ICMs), especially on the incentive/disincentive (I/D) contracting method, largely because of the contracting agency's overestimation of project duration and monetary time value. In response to an emerging concern about the effectiveness of utilizing time-based ICMs, this research seeks to: As a basis for developing methodologies to meet these objectives, this research will: The recommendations for the effective use of time-based ICMs and the decision-support computer model would help state highway agencies allocate more accurate, realistic budgets for the time-based ICMs, especially for ones that include I/D provisions. The guidelines and findings reported in this paper will benefit state highway agencies (SHAs) in framing sounder provisions for innovative highway renewal construction contracts. SHAs will be also benefited by a reduction in the agency's efforts to calculate the final I/D dollar amounts and contract completion times. | ||||
| Starting Date: | January 15, 2006 | Expected Completion: | December, 2007 | ||
| University | University of California at Berkeley, USA website | ||||
| Chair, Civil Engineering | C. William Ibbs website e-mail: ibbs@ce.berkeley.edu | ||||
| Student | Kunhee Choi (Ph.D. student researcher) e-mail: kunhee@berkeley.edu | ||||
| Academic Achievements (Degree, grants, publications, etc.) | B.E. in Architectural Engineering at Korea University in 1999 M.S. in Construction Management at Texas A&M University in 2002 Graduate Fellowships and Graduate Division Fellowships at the University of California, Berkeley (July, 2002 - July, 2003) Clark Construction Company Inc. Scholarship (Apr. 2001) The O. N. Mitchell Jr. Endowed Fellowship by Department of Construction Science at Texas A&M University (August, 2000) Publications: 2 journal papers, 3 conference proceedings, 1 technical report submitted to Caltrans, and NCHRP proposal experience | ||||
| Permission to post on ISAP website | Yes | Date | Oct. 05, 2006 | ||