Publication: A Guide to Delivering Good Asset Management in the Road Sector through Performance Based Contracting
Date
2014-03
ISSN
Published
2014-03
Author(s)
Gericke, Ben
Henning, Theuns
Greewood, Ian
Abstract
The road sector represents a significant
asset to any country both in terms of the physical cost to
build it, and the social and economic benefits that it
facilitates. Good asset management in the road sector is
about obtaining the desired benefits at the least
whole-of-life cost, and it is therefore natural to seek to
implement a robust asset management approach on what is
typically a nation's largest asset. Implementation of
performance based contracting (PBC) necessitates the
identification of many of the cornerstones to asset
management, such as knowing the asset, managing risks, and
determining the sustainable level of service for the funds
available. The aim of this guide is to help understand: (1)
what asset management is and why it is important; (2) how
performance based contracting delivers good asset
management; and (3) the issues and challenges associated
with successful implementation of a performance based
contract. This guide is focused on PBCs with a significant
contract term. This guide draws extensively on the report,
review of performance based contracting in the road sector,
phase 1: tasks 1 to 6 which examined 35 projects across 27
countries, combined with the knowledge of an international
project team.
Citation
“Gericke, Ben; Henning, Theuns; Greewood, Ian. 2014. A Guide to Delivering Good Asset Management in the Road Sector through Performance Based Contracting. Transport papers series;no. TP-42B. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/18646 License: CC BY 3.0 IGO.”