New White Paper: Keys to Alternate Bidding
| February 03, 2011 |
Alternate bidding is a complex subject, but a new white paper, Keys to a Successful Alternate Bidding Process, breaks it down for contractors and agencies.
It outlines the procedures set up by the Federal Highway Administration (FHWA) and covers the factors considered in alternate bids, such as initial cost, construction time, and future costs. Also discussed are discount rates, performance periods, rehabilitation plans, salvage value, analysis periods, and more. Keys to a Successful Alternate Bidding Process is available as a free download from the economics area of the APA’s Web site at www.AsphaltRoads.org or by clicking on the link above for a downloadable PDF.
“There will never be sufficient funding to meet all the needs of the nation’s roadways. Therefore, it is important to optimize every dollar. This APA publication will help contractors and agencies alike as they develop their understanding of alternate bidding procedures,” says Jill Thomas of the Minnesota Asphalt Pavement Association, co-chair of the team that produced the document.
“When agencies look at alternate pavement materials, the needs of highway users are an important part of the equation. The advantages of asphalt – faster construction time and less disruption for the traveling public during rehabilitation – need to be considered,” she continues.. “Smooth, durable, safe, quiet asphalt pavements provide the best value for the traveling public, now and for years to come.”