Option Contracts Research

This research study will be done in order to take advantage of flexibilities in accelerating project delivery process as made possible by Moving Ahead for Progress in the 21st Century Act (MAP-21). More specifically, the purpose of this research is to identify means and methods of determining the value of an option, the process and/or the factors that would be used in evaluating the value of an option and how much, if any, of any proposed option consideration is appropriate for Federal-aid participation. Moreover, the research will identify when it is and is not appropriate to use option contracts on a Federal-aid highway project. The contractor shall research select transportation agencies, state departments of transportation (DOT's), local public agencies (LPAs) and industry professionals' websites and publications for contemporary material pertaining to the use of real estate option contracts that could be used to streamline the project delivery process when making offers to acquire ROW. This includes, but is not limited to, internet web-based investigation and research of relevant publication and articles.

Language

• English

Project

• Status: Completed
• Funding: $178873.00
• Contract Numbers:

  DTFH61-11-D-00037

  0003

• Sponsor Organizations:

  Federal Highway Administration

  Office of Planning, Environment and Realty (HEP)
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Feldman, Arnold

• Performing Organizations:

  O. R. Colan Associates of Florida, LLC

  725 East Park Avenue, Suite B
  Tallahassee, FL  United States  32301
• Start Date: 20140911
• Expected Completion Date: 0
• Actual Completion Date: 20150510
• Source Data: RiP Project 37461

Subject/Index Terms

• TRT Terms: Local government agencies; Project delivery; Real estate industry; Right of way (Land); State departments of transportation
• Identifier Terms: Moving Ahead for Progress in the 21st Century Act
• Uncontrolled Terms: Options
• Subject Areas: Administration and Management; Highways;

Filing Info

• Accession Number: 01543086
• Record Type: Research project
• Source Agency: Federal Highway Administration
• Contract Numbers: DTFH61-11-D-00037, 0003
• Files: RIP
• Created Date: Nov 5 2014 1:00AM