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Performance-based dynamic contracting mechanism

Authors: Hatice C. Demirel; Jules G. Verlaan; Shahid Suddle;

Performance-based dynamic contracting mechanism

Abstract

Road infrastructure contracting is becoming more complex due to changing transport needs and new technologies. Transportation agencies are struggling with this increased complexity. Around the world, agencies have developed a variety of methods for undertaking outsourcing initiatives known as performance-based contracting and total asset management planning. This paper investigates how agencies can deal with changing circumstances in the outsourcing of construction and maintenance activities, based upon work in performance-based contracting in the Netherlands. Using data from maintenance contracts from Rijkswaterstaat1, we will develop a framework that can be used to compare several contracting practices and establish performance levels by using variables such as performance measurements. Our methodology offers significant improvements to road network performance outcomes, which enables an organisation to maximise value and deliver its objectives in an effective way. The outcomes are useful to transportation agencies for making decisions about contract price methods based on economic rationale.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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Average
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