A Critical Assessment of Material Price Adjustment Clauses for Transportation Design

A Critical Assessment of Material Price Adjustment Clauses for Transportation Design–Build Projects

Published:2024-08 Issue:3 Volume:16 Page:
ISSN:1943-4162
Container-title:Journal of Legal Affairs and Dispute Resolution in Engineering and Construction
language:en
Short-container-title:J. Leg. Aff. Dispute Resolut. Eng. Constr.

Author:

Thu Moe Kyaw¹,Hamilton Parker¹,Lee Jung Hyun²^ORCID,Kingsley Gordan³,Ashuri Baabak⁴^ORCID

Affiliation:

1. Ph.D. Student, School of Public Policy, Georgia Institute of Technology, 258 4th St. NW, Atlanta, GA 30332.

2. Assistant Professor, School of Engineering, Computing, and Construction Management, Roger Williams Univ., 1 Old Ferry Rd., Bristol, RI 02809. ORCID: .

3. Associate Professor, School of Public Policy, Georgia Institute of Technology, 258 4th St. NW, Atlanta, GA 30332.

4. Professor and Director, Economics of Sustainable Built Environment Lab, School of Building Construction and School of Civil and Environmental Engineering, Georgia Institute of Technology, 280 Ferst Dr., Atlanta, GA 30332 (corresponding author). ORCID: .

Publisher

American Society of Civil Engineers (ASCE)

Link

https://ascelibrary.org/doi/pdf/10.1061/JLADAH.LADR-1126

Reference37 articles.

1. ADB (Asian Development Bank). 2023. Price adjustment: Guidance note on procurement. Mandaluyong, Philippines: ADB.

2. AGC (Associated General Contractors). 2022. “OMB releases guidance for ‘Build America Buy America’ as part of the infrastructure and jobs acts.” Accessed July 23 2023. https://www.agc.org/news/2022/04/21/omb-releases-guidance-build-america-buy-america-part-infrastructure-and-jobs-acts.

3. AGC (Associated General Contractors). 2023. “Percentage change in producer price indexes (PPIs) and employment cost indexes (ECIs) for construction 2018–2023.” Accessed August 5 2023. https://www.agc.org/news/2023/05/11/construction-materials-prices-rise-05-percent-april-while-bid-prices-slip-reversing-recent-pattern.

4. Bebernes M. 2023. “Buy American’ is a popular slogan but is it good policy?” Accessed July 23 2023. https://news.yahoo.com/buy-american-is-a-popular-slogan-but-is-it-good-policy-210209646.html.

5. Buxbaum J. and I. N. Ortiz. 2009. “Public sector decision making for public-private partnerships: A synthesis of highway practice.” Accessed November 29 2023. http://onlinepubs.trb.org/onlinepubs/nchrp/nchrp_syn_391.pdf.