Analyses of Costs and Benefits in the Pavement Management Systems

Ognjenović, Slobodan; Ishkov, Alexander; Cvetković, Dušan; Perić, Dragan; Романович, Марина

doi:10.1016/j.proeng.2016.11.805

Cited by 19 publications

(1 citation statement)

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“…Economic analyses are essential from the viewpoint of planning of the sufficient funds. The management system cannot function without adequate cost-benefit analyses, it necessarily needs comparisons of the invested funds and the profits [13].…”

Section: Methodsmentioning

confidence: 99%

Risk assessment related to the choice of contractors performing the job

et al. 2018

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Construction and investment projects inherent risks in an extremely wide range of human activity fields. An analysis of risks from the viewpoint of management and mitigation is conducted in this article. Particular attention is paid to the analysis of risk events related to the choice of an unqualified contractors performing the job. The compliance of duration implementation project, the budget amount, and the quality of performed work depend on this choice. The contractors risk assessment methods analysis showed that besides the overall criterion for all methods connected to the cost of work it is vital to take into account the qualifications, reputation, material and technical base of a contractor, the time and quality of the work performed previously. Existing methods with criteria of the choice of contractors performing the job are considered. The universal methodology with a set of criteria that satisfies all construction process participants, and based on publicly accessible information about companies and their experience is essential.

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Section: Methodsmentioning

confidence: 99%