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TxDOT Glossary

TxDOT GlossaryOctober 2013 2013 by Texas Department of Transportation(512) 302-2453 all rights reservedTxDOT Glossary1-1 TxDOT 10/2013 AA+B BiddingA+B bidding, also known as cost-plus-time bidding, involves time (with an associated cost) in the low bid determination. Bids consist of two components: 1.)The A component is the traditional bid for the contract items and is the dollar amount for all work to be performed under the )The B component is a bid of the total number of calendar days required to complete the project, as estimated by the bidder. The bid for award consideration is based on a combination of the bid for the contract items and the associated cost of the time, according to the following for-mula: (A) + (B x Road User Cost per Day)The formula is only used to determine the lowest bid for award and is not used to determine pay-ment to the contractor. A disincentive provision, that assesses road user costs, is incorporated into the contract to discourage the contractor from overrunning the time bid for the project.

the third party. For an actual cost advance funding agreement, an initial payment is made based upon estimated cost of the work. After a final accounting of project costs, a final adjustment is made based on the actual cost of the project. The adjustment may increase or decrease the cost to the third party when compared to the original estimate.

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