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Aguado, A, Caño, A d, de la Cruz, M P, Gómez, D and Josa, A (2012) Sustainability Assessment of Concrete Structures within the Spanish Structural Concrete Code. Journal of Construction Engineering and Management, 138(02), 268–76.

Art Chaovalitwongse, W, Wang, W, Williams, T P and Chaovalitwongse, P (2012) Data Mining Framework to Optimize the Bid Selection Policy for Competitively Bid Highway Construction Projects. Journal of Construction Engineering and Management, 138(02), 277–86.

Beainy, F, Commuri, S and Zaman, M (2012) Quality Assurance of Hot Mix Asphalt Pavements Using the Intelligent Asphalt Compaction Analyzer. Journal of Construction Engineering and Management, 138(02), 178–87.

Cattaneo, S and Mola, F (2012) Assessing the Quality Control of Self-Consolidating Concrete Properties. Journal of Construction Engineering and Management, 138(02), 197–205.

Cha, H S, Kim, K H and Kim, C K (2012) Case Study on Selective Demolition Method for Refurbishing Deteriorated Residential Apartments. Journal of Construction Engineering and Management, 138(02), 294–303.

Cho, Y K, Bode, T, Song, J and Jeong, J (2012) Thermography-Driven Distress Prediction from Hot Mix Asphalt Road Paving Construction. Journal of Construction Engineering and Management, 138(02), 206–14.

Fan, S (2012) Modified Time Impact Analysis Method. Journal of Construction Engineering and Management, 138(02), 227–33.

Gambatese, J A and Rajendran, S (2012) Flagger Illumination during Nighttime Construction and Maintenance Operations. Journal of Construction Engineering and Management, 138(02), 250–7.

Jarkas, A M (2012) Influence of Buildability Factors on Rebar Installation Labor Productivity of Columns. Journal of Construction Engineering and Management, 138(02), 258–67.

Lingard, H, Cooke, T and Blismas, N (2012) Do Perceptions of Supervisors’ Safety Responses Mediate the Relationship between Perceptions of the Organizational Safety Climate and Incident Rates in the Construction Supply Chain?. Journal of Construction Engineering and Management, 138(02), 234–41.

Montemanni, R, Toklu, N E, Toklu, & & and Toklu, Y C (2012) Aggregate Blending via Robust Linear Programming. Journal of Construction Engineering and Management, 138(02), 188–96.

Nieto-Morote, A and Ruz-Vila, F (2012) Last Planner Control System Applied to a Chemical Plant Construction. Journal of Construction Engineering and Management, 138(02), 287–93.

Tserng, H P, Russell, J S, Hsu, C and Lin, C (2012) Analyzing the Role of National PPP Units in Promoting PPPs: Using New Institutional Economics and a Case Study. Journal of Construction Engineering and Management, 138(02), 242–9.

Wu, M, Wing Chau, K, Shen, Q and Yin Shen, L (2012) Net Asset Value–Based Concession Duration Model for BOT Contracts. Journal of Construction Engineering and Management, 138(02), 304–8.

  • Type: Journal Article
  • Keywords: Build/Operate/Transfer; Negotiations; Project management; Contracts; Net asset value; Build/Operate/Transfer; Concession period; Negotiations; Project management;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000397
  • Abstract:
    A concession period is a key decision variable in the arrangement of a build-operate-transfer (BOT)-type contract. Recently, an innovative BOT concession model (BOTCcM) was developed to quantitatively determine the value of a concession period. The model could propose an interval for possible negotiations between a host government and a private investor. Nevertheless, this paper identifies a major limitation of this model and proposes an alternative model for improvement. Under a BOT arrangement, the project becomes a property of the host government upon its transfer. The project’s net asset value at the transfer time is usually significantly greater than zero, representing revenue to the host government. This revenue, thus, cannot be ignored. However, this revenue was not considered in the analysis of BOTCcM. This study improves the second critical point in BOTCcM by considering project net asset value at the transfer time. The application of the new model is demonstrated by using the same example case quoted in BOTCcM and shows that a significantly different decision will be made when project net asset value at its transfer time is considered.

Yang, I, Hsieh, Y and Kung, L (2012) Parallel Computing Platform for Multiobjective Simulation Optimization of Bridge Maintenance Planning. Journal of Construction Engineering and Management, 138(02), 215–26.