| contributor author | Qingbin Cui | |
| contributor author | Philip Johnson | |
| contributor author | Aaron Quick | |
| contributor author | Makarand Hastak | |
| date accessioned | 2017-05-08T20:48:01Z | |
| date available | 2017-05-08T20:48:01Z | |
| date copyright | January 2008 | |
| date issued | 2008 | |
| identifier other | %28asce%290733-9364%282008%29134%3A1%2810%29.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/27586 | |
| description abstract | In 1998 the New Mexico State Highway and Transportation Department (NMSHTD) agreed to pay $60 million for a 20-year pavement warranty on their Route 44 project (NM 44, now US 550). The warranty includes a ceiling clause that caps total expenditures at $110 million. As the first long-term highway warranty in the United States, the transaction set a controversial precedent that parties interested in innovative highway contracting, including other state department of transportations (DOTs), the USDOT, sureties, and contractors, view as a test case for evaluating pricing and cost-effectiveness. An interim audit report published by the State of New Mexico [Abbey (2004). | |
| publisher | American Society of Civil Engineers | |
| title | Valuing the Warranty Ceiling Clause on New Mexico Highway 44 Using a Binomial Lattice Model | |
| type | Journal Paper | |
| journal volume | 134 | |
| journal issue | 1 | |
| journal title | Journal of Construction Engineering and Management | |
| identifier doi | 10.1061/(ASCE)0733-9364(2008)134:1(10) | |
| tree | Journal of Construction Engineering and Management:;2008:;Volume ( 134 ):;issue: 001 | |
| contenttype | Fulltext | |
