Synthesis of Information Related to Highway Practices. Topic 56-21. Practices Related to Construction Contingency

State departments of transportation (DOTs) are interested in understanding the state of practice for establishing construction contingencies for highway projects. Contingency is defined for the purpose of this synthesis as a predetermined amount of money set aside to cover unexpected costs, changes, or risks that may arise during the project construction phase. Contingency funds serve as a financial buffer to ensure the project can address unforeseen challenges without requiring additional funding approvals. The integration and management of contingency funds by state DOTs are typically influenced by risk tolerances, specific project conditions, and project delivery methods whether managed by the owner, shared, or designated to contractors. OBJECTIVE: The objective of this synthesis is to document state DOT practices related to project contingency analysis, development, and use for various project delivery methods, i.e. Design-Bid-Build (DBB), Design-Build (DB), Construction Manager/General Contractor (CM/GC), Progressive Design-Build (PDB), and Job Order Contracting (JOC)/Indefinite Delivery, Indefinite Quantity (IDIQ).

• Record URL:
  • http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=5732

Language

• English

Project

• Funding: $55,000.00
• Contract Numbers:

  Project 20-05, Topic 56-21

• Sponsor Organizations:

  National Cooperative Highway Research Program (NCHRP) Synthesis

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC    20001

  American Association of State Highway and Transportation Officials (AASHTO)

  444 North Capitol Street, NW
  Washington, DC  United States  20001

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Larson, Sandra

• Performing Organizations:
  ,    

  Gransberg & Associates, Incorporated

  Norman, OK  United States 
• Principal Investigators:

  Gransberg, Nils

• Start Date: 20240501
• Expected Completion Date: 0
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Budgeting; Construction management; Construction projects; Contingency planning; Literature reviews; Project delivery; Road construction; State departments of transportation
• Subject Areas: Administration and Management; Construction; Finance; Highways;

Filing Info

• Accession Number: 01920395
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 20-05, Topic 56-21
• Files: TRB, RIP
• Created Date: May 31 2024 8:46PM