| contributor author | Qingbin Cui | |
| contributor author | Mehmet Emre Bayraktar | |
| contributor author | Makarand Hastak | |
| contributor author | Issam Minkarah | |
| date accessioned | 2017-05-08T21:11:51Z | |
| date available | 2017-05-08T21:11:51Z | |
| date copyright | July 2004 | |
| date issued | 2004 | |
| identifier other | %28asce%290742-597x%282004%2920%3A3%28118%29.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/42402 | |
| description abstract | Since the introduction of warranty provisions in federal highway jobs, more and more state departments of transportation (DOTs) have considered the use of such provisions to protect their initial investment. This paper describes the pros and cons of warranty contracting in highway construction based on a survey of warranty practices in the United States. In particular, the need for state DOTs to buy a warranty for a well-built project is questioned. As an alternative, this paper introduces the warranty option, which gives the DOT the right to buy a warranty only if it becomes necessary at the end of construction. This option is exercised if the performance on site warrants it. This paper describes the mechanics of the warranty option and its advantages over the conventional warranty. A bid evaluation model is also developed for the | |
| publisher | American Society of Civil Engineers | |
| title | Use of Warranties on Highway Projects: A Real Option Perspective | |
| type | Journal Paper | |
| journal volume | 20 | |
| journal issue | 3 | |
| journal title | Journal of Management in Engineering | |
| identifier doi | 10.1061/(ASCE)0742-597X(2004)20:3(118) | |
| tree | Journal of Management in Engineering:;2004:;Volume ( 020 ):;issue: 003 | |
| contenttype | Fulltext | |
