Innovation in public works management: Proposal for a performance evaluation model based on cost and deadline indicators

This article proposes an objective model for evaluating the performance of public works based on cost and time deviations. In light of recurring challenges related to budget overruns and delays, particularly in public contracts, the study identifies the absence of standardized assessment models as a significant barrier to accountability and efficiency. Drawing on international benchmarking systems and consolidated theoretical frameworks, the authors propose a classification methodology based on three indicators: Cost Seal, Time Seal, and Work Seal. These indicators convert raw data into scalar scores and conceptual seals (ranging from A to F), enabling cross-sectional analyses and supporting evidence-based governance. The model incorporates both direct and indirect costs, conducts time-based analysis regardless of suspensions or extensions, and introduces transparent metrics for comparative diagnostics. It is a methodological framework whose primary contribution lies in the structured development of a classification architecture for public works performance assessment. The model is conceptually validated using a simulated dataset to demonstrate its internal coherence and operational feasibility under controlled conditions. Empirical calibration using real-world datasets is identified as a subsequent research stage, contingent upon improvements in data standardization and availability. The proposal contributes to public governance by establishing a transparent, replicable and standardized evaluation structure capable of supporting systematic monitoring and comparative analysis.