DOCUMENT

ITB - Maintenance Of Traffic 2006

  • YEAR CREATED: 2006
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: BID - ITB, IFB, ITT, RFB
This document provides information about the use of incentive/disincentive (I/D) provisions in contracts for construction projects. These provisions are used to specify the duration and associated cost for completing a project or project phase based on the criticality of the phase or project. The document explains the differences between A+B contracts and standard I/D contracts. In A+B contracts, the contractor determines the time it will take to complete the project and balances the cost of the project and the cost of time. In standard I/D contracts, the maximum duration is determined by the NYSDOT (New York State Department of Transportation), and contractors bid based on their ability to complete the work within that specified time frame. The document also provides guidelines for developing standard I/D provisions. It suggests various scenarios where I/D provisions may be applicable, such as interim milestone dates, contract coordination, fixed durations, and short durations. It explains how the incentive/disincentive amount should be determined to encourage contractors to accelerate production and meet tight schedules. The document also provides guidelines for determining the maximum incentive payment and the maximum duration for the I/D time period. It emphasizes the importance of developing an achievable work schedule and considering factors like utility schedule, seasonal limitations, and work restrictions. Additionally, the document mentions Section E, which refers to the contract completion LD (Liquidated Damages) amount. This section addresses the consequences of failure to complete all work on time. It is an important aspect of the I/D provisions and specifies the amount that the contractor will be liable to pay if they fail to meet the agreed-upon completion date. The document concludes by mentioning the information required with the PS&E (Plans, Specifications, and Estimates) submission, including the inclusion of a special note for the incentive/disincentive clause.
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