Hashem M. Mehany, M S and Guggemos, A (2015) Risk management for asphalt road construction and maintenance under performance-based contracts. International Journal of Construction Education and Research, 11(4), pp. 292-315. ISSN 1557-8771
Abstract
Contractors have been the main risk bearers in most road construction and maintenance projects, especially when they are working under higher-risk delivery systems such as Performance Based Contracts (PBC), where the contractors are more likely to be responsible for both the construction and maintenance of the road for a certain warranty period. This research identified and analyzed the risks that the contractor is subject to under PBCs for hot mix asphalt (HMA) road construction and maintenance projects. The study used a mixed methods research design and was divided into three phases. In the first phase, employing a detailed literature review along with industry interviews, twenty-nine risks were identified in the construction and maintenance phases. In the second phase, risk severity rankings were calculated using probability and impact data that was collected from several contractors and a state agency. In the final phase, a correlation analysis was conducted. The results of this analysis will enable contractors to make adjustments and modifications to address the highest and most severe risks.;Contractors have been the main risk bearers in most road construction and maintenance projects, especially when they are working under higher-risk delivery systems such as Performance Based Contracts (PBC), where the contractors are more likely to be responsible for both the construction and maintenance of the road for a certain warranty period. This research identified and analyzed the risks that the contractor is subject to under PBCs for hot mix asphalt (HMA) road construction and maintenance projects. The study used a mixed methods research design and was divided into three phases. In the first phase, employing a detailed literature review along with industry interviews, twenty-nine risks were identified in the construction and maintenance phases. In the second phase, risk severity rankings were calculated using probability and impact data that was collected from several contractors and a state agency. In the final phase, a correlation analysis was conducted. The results of this analysis will enable contractors to make adjustments and modifications to address the highest and most severe risks.;
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | risk management; asphalt contractors; asphalt road maintenance; asphalt road construction; performance based contracts; asphalt; highway construction; repair & maintenance; construction contracts |
| Index terms: | asphalt road construction, interview, literature review, repair, agency, asphalt contractor, mixed method, research design, correlation analysis, warranty, highway construction, road construction, risk management, construction contract, asphalt road maintenance, performance-based contract |
| Subjects: | statistical analysis, infrastructure and transport systems, sociology, civil engineering, maintenance engineering, performance measurement, data analysis and analytics, contractual arrangements, research design and methodology, organization, contract type, risk assessment, data collection methods |
| Topics: | Business Strategy, Research Practice, Engineering Principles, Risk Management, Procurement, Quality Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here