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A Basic Study on the Methodology to Introduce Warranty Contracting for Pavements in Korea  

Kim, Tae-Song (한국건설기술연구원 건설관리연구실)
Seo, Yong-Chil ((주)건원엔지니어링)
Lee, Sang-Beom (동의대학교 건축공학과)
Koo, Jai-Dong (한국건설기술연구원 건설관리연구실)
Publication Information
Korean Journal of Construction Engineering and Management / v.9, no.4, 2008 , pp. 66-74 More about this Journal
Abstract
Warranty contracting for pavements construction has been widely used in Europeans countries, Japan, and the U.S. and the benefits of warranty contract has been proven. This research investigated the European, U.S., and Japanese warranty contract policies and compared pros and cons. The most appropriate warranty contract policy solution is developed to fit in the Korean construction industry culture. Three main conclusions have been developed in this study: (1) performance specifications should be developed; (2) the systematic method is required to estimate the appropriate costs of performance bond and warranty period, etc.; and (3) short and long term plans for adopting performance warranty contract in Korea are suggested.
Keywords
Performance Warranty; Warranty Contracting; Warranty; Performance Specification; Bond;
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  • Reference
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