Design-Build-Finance in the US: The case of iROX, I-75 Road Expansion Project

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Autore principale: E. Forcael
Natura: Artículo científico
Lingua:en
Pubblicazione: Pontificia Universidad Católica de Chile 2011
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author E. Forcael
author_facet E. Forcael
contents Design-Build-Finance in the US: The case of iROX, I-75 Road Expansion Project E. Forcael R. Ellis, JR. F. Jaramillo Ingeniería Build Design management Finance project transportation construction projects This project is part of the Interstate 75 road expansion, located in Southwest Florida and consisted of an expansion from four to six lanes along a 30-mile stretch. The paper presents a design, build and finance (DBF) approach applied to a US highway. This work focuses on the financial structure of the project, which did not include a concession (operation); the bidding procedure, which took into account an interesting bid evaluation criterion and; project management matters. The information on the case study was acquired by exhaustively examining the documentation of the project and by interviewing the Project Controls Manager. The financial structure used in the project showed that it is possible to extend the payment period beyond the construction deadline without resorting to a toll system. As usual, the bid evaluation criteria of this project included price, time and technical background; however, these aspects were evaluated through the use of a compensated score. Finally, some interesting management aspects of the project are addressed, in order to generate some recommendations for future DBF projects in the US and the world. 2011 artículo científico 0717-7925 https://www.redalyc.org/articulo.oa?id=127620972004 en http://www.redalyc.org/revista.oa?id=1276 Revista de la Construcción application/pdf Pontificia Universidad Católica de Chile Revista de la Construcción (Chile) Num.1 Vol.10
format Artículo científico
id redalyc_127620972004
institution Redalyc
language en
publishDate 2011
publisher Pontificia Universidad Católica de Chile
spellingShingle Design-Build-Finance in the US: The case of iROX, I-75 Road Expansion Project
E. Forcael
Ingeniería
Build
Design
management
Finance project
transportation construction projects
Design-Build-Finance in the US: The case of iROX, I-75 Road Expansion Project E. Forcael R. Ellis, JR. F. Jaramillo Ingeniería Build Design management Finance project transportation construction projects This project is part of the Interstate 75 road expansion, located in Southwest Florida and consisted of an expansion from four to six lanes along a 30-mile stretch. The paper presents a design, build and finance (DBF) approach applied to a US highway. This work focuses on the financial structure of the project, which did not include a concession (operation); the bidding procedure, which took into account an interesting bid evaluation criterion and; project management matters. The information on the case study was acquired by exhaustively examining the documentation of the project and by interviewing the Project Controls Manager. The financial structure used in the project showed that it is possible to extend the payment period beyond the construction deadline without resorting to a toll system. As usual, the bid evaluation criteria of this project included price, time and technical background; however, these aspects were evaluated through the use of a compensated score. Finally, some interesting management aspects of the project are addressed, in order to generate some recommendations for future DBF projects in the US and the world. 2011 artículo científico 0717-7925 https://www.redalyc.org/articulo.oa?id=127620972004 en http://www.redalyc.org/revista.oa?id=1276 Revista de la Construcción application/pdf Pontificia Universidad Católica de Chile Revista de la Construcción (Chile) Num.1 Vol.10
title Design-Build-Finance in the US: The case of iROX, I-75 Road Expansion Project
topic Ingeniería
Build
Design
management
Finance project
transportation construction projects
url https://www.redalyc.org/articulo.oa?id=127620972004