Practices for Establishing Contract Completion Dates for Highway Projects (2017) / Chapter Skim
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PRACTICES FOR ESTABLISHING CONTRACT COMPLETION DATES FOR HIGHWAY PROJECTS Establishing contract time is an important part of the highway project development process as contract time plays a significant role in determining the overall construction cost of a project with more aggressive completion deadlines tending to increase construction costs. In the project development process, state transportation agencies receive direct feedback on project costs through construction procurement as cost estimates are compared with contractor bids.
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2 • According to the Design-Build Institute of America, 92% of state transportation agencies have some level of authorization to use design-build for project delivery, whereas 31% of the respondents to the synthesis survey report having a specific contract time estimation procedure for design-build delivery methods. According to the Associated General Contractors of America, 74% of states are authorized to use some form of construction manager/general contractor delivery method, whereas 5% reported having a contract time estimation procedure.
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