Performance-Based Contractor Prequalification as an Alternative to Performance Bonds
Project Information
Project ID:
FHWA-PROJ-11-0035
Project Abstract:
This study investigates the costs and benefits of performance bonding versus replacing performance bonding, to various degrees, with performance-based contractor prequalification. The scope of the study covers all types of contracts for all types of work that are awarded by State highway agencies. The research involves the collection, organization, and analysis of data and information from State highway agencies, contractors, and sureties. The research product is a recommendation on the cost effectiveness of performance bonds, and if applicable, guidance for State highway agencies that wish to develop and transition to a performance-based contractor prequalification system and recommendations for how such systems can best be implemented.
Goals
Below are the key project objectives:
- Document the benefits and cost of the current system of performance bonding in highway construction.
- Quantify the benefits of replacing currently required performance bonds on some highway construction projects with a rigorous performance-based contractor prequalification system.
- Provide State highway agencies with guidance on the development and implementation of the prequalification system.
Research HUB ID:
7710
Project Status:
Completed
Project Funding Amount (Contract Award Amount):
$359,858.00
Start Date:
End Date:
Public Access Plan:
No
FHWA Program Area:
- Infrastructure
Fiscal Year / AMRP Program / AMRP Activity:
- FY 2002-2022 / Infrastructure / Construction and Project Management
AMRP = Annual Modal Research Plan
Contact Information
First Name:
Matthew
Last Name:
Corrigan
Phone Number:
(202) 493-3365
Email Address:
Team:
Infrastructure Analysis and Construction Team
Office:
Office of Infrastructure Research and Development
Office Code:
HRDI-20
Management Organizations
Sponsor Organization
Organization Role:
Sponsor Organization
Organization:
Federal Highway Administration: Office of Research, Development, and Technology - Office of Infrastructure Research and Development
Contact Role:
Project Lead
Contact:
Managing Organization
Organization Role:
Project Managing Organization
Organization:
Federal Highway Administration: Office of Research, Development, and Technology - Office of Infrastructure Research and Development
Contact Role:
Project Contact
Contact:
Performing Organization
Organization Role:
Performing Organization
Organization:
Federal Highway Administration: Office of Research, Development, and Technology - Office of Infrastructure Research and Development
Contact Role:
Project Contact
Contact:
Deliverables
Links to Project Reports: