Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro
Performance-based maintenance contracts (PBMCs) are modern contracts that should allow road maintenance entities to contract maintenance activities more successfully and generate money value. In the case of Montenegro, a gradual approach of PBMC introduction is recommended through a hybrid contract...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2020-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2020/8844980 |
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| _version_ | 1850172796897853440 |
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| author | Snežana Rutešić Jasmina Ćetković Slobodan Lakić Angelina Živković Miloš Knežević |
| author_facet | Snežana Rutešić Jasmina Ćetković Slobodan Lakić Angelina Živković Miloš Knežević |
| author_sort | Snežana Rutešić |
| collection | DOAJ |
| description | Performance-based maintenance contracts (PBMCs) are modern contracts that should allow road maintenance entities to contract maintenance activities more successfully and generate money value. In the case of Montenegro, a gradual approach of PBMC introduction is recommended through a hybrid contract for routine road maintenance. Hybrid contract implementation will enable a lower level of client risk in the early stages of PBM contract. Game theory is used for selection of an adequate model for hybrid contract structure in terms of size and nature of the BoQ elements. In addition to the estimated or charged quantities of works from previous contracts, the model also includes parameters that to some extent take into account the experience and expertise of contractors and clients, but also the availability of road data. In order for model to be applied, historical data from traditional road maintenance contracts, which were implemented in the previous period in Montenegro, are used. |
| format | Article |
| id | doaj-art-cbd18d4c1d19411f8fcbf052fa0ea4a7 |
| institution | OA Journals |
| issn | 1687-8086 1687-8094 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-cbd18d4c1d19411f8fcbf052fa0ea4a72025-08-20T02:19:58ZengWileyAdvances in Civil Engineering1687-80861687-80942020-01-01202010.1155/2020/88449808844980Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in MontenegroSnežana Rutešić0Jasmina Ćetković1Slobodan Lakić2Angelina Živković3Miloš Knežević4University of Montenegro, Faculty of Civil Engineering, Podgorica 81000, MontenegroUniversity of Montenegro, Faculty of Economics, Podgorica 81000, MontenegroUniversity of Montenegro, Faculty of Economics, Podgorica 81000, MontenegroMinistry of Transport and Maritime Affairs, Podgorica 81000, MontenegroUniversity of Montenegro, Faculty of Civil Engineering, Podgorica 81000, MontenegroPerformance-based maintenance contracts (PBMCs) are modern contracts that should allow road maintenance entities to contract maintenance activities more successfully and generate money value. In the case of Montenegro, a gradual approach of PBMC introduction is recommended through a hybrid contract for routine road maintenance. Hybrid contract implementation will enable a lower level of client risk in the early stages of PBM contract. Game theory is used for selection of an adequate model for hybrid contract structure in terms of size and nature of the BoQ elements. In addition to the estimated or charged quantities of works from previous contracts, the model also includes parameters that to some extent take into account the experience and expertise of contractors and clients, but also the availability of road data. In order for model to be applied, historical data from traditional road maintenance contracts, which were implemented in the previous period in Montenegro, are used.http://dx.doi.org/10.1155/2020/8844980 |
| spellingShingle | Snežana Rutešić Jasmina Ćetković Slobodan Lakić Angelina Živković Miloš Knežević Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro Advances in Civil Engineering |
| title | Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro |
| title_full | Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro |
| title_fullStr | Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro |
| title_full_unstemmed | Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro |
| title_short | Proposition of a Model for Selection of the Hybrid Contract Implementation Strategy for a Pilot Project of Regular Road Maintenance in Montenegro |
| title_sort | proposition of a model for selection of the hybrid contract implementation strategy for a pilot project of regular road maintenance in montenegro |
| url | http://dx.doi.org/10.1155/2020/8844980 |
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