Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro
Joint Authors
Rutešić, Snežana
Ćetković, Jasmina
Lakić, Slobodan
Živković, Angelina
Knežević, Miloš
Source
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-11-19
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Performance-based maintenance contracts (PBMCs) are modern contracts that should allow road maintenance entities to contract maintenance activities more successfully and generate money value.
In the case of Montenegro, a gradual approach of PBMC introduction is recommended through a hybrid contract for routine road maintenance.
Hybrid contract implementation will enable a lower level of client risk in the early stages of PBM contract.
Game theory is used for selection of an adequate model for hybrid contract structure in terms of size and nature of the BoQ elements.
In addition to the estimated or charged quantities of works from previous contracts, the model also includes parameters that to some extent take into account the experience and expertise of contractors and clients, but also the availability of road data.
In order for model to be applied, historical data from traditional road maintenance contracts, which were implemented in the previous period in Montenegro, are used.
American Psychological Association (APA)
Rutešić, Snežana& Ćetković, Jasmina& Lakić, Slobodan& Živković, Angelina& Knežević, Miloš. 2020. Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro. Advances in Civil Engineering،Vol. 2020, no. 2020, pp.1-12.
https://search.emarefa.net/detail/BIM-1123837
Modern Language Association (MLA)
Rutešić, Snežana…[et al.]. Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro. Advances in Civil Engineering No. 2020 (2020), pp.1-12.
https://search.emarefa.net/detail/BIM-1123837
American Medical Association (AMA)
Rutešić, Snežana& Ćetković, Jasmina& Lakić, Slobodan& Živković, Angelina& Knežević, Miloš. Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro. Advances in Civil Engineering. 2020. Vol. 2020, no. 2020, pp.1-12.
https://search.emarefa.net/detail/BIM-1123837
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1123837