Piedroba Consulting Group (PCG) is scheduled to present a paper on May 8th at the 34th PIANC World Congress 2018 in Panama City, Panama. PCG's Dr. Luis Prieto-Portar (Principal) and Jelle Prins (Partner) will discuss how Performance-Based Contracting (PBC) has evolved as a contractual vehicle within the dredging industry and how the dredging industry can benefit from PBC in the future.
PBC, also known as a “draft guarantee contract”, transfers long-term sedimentation risk to the contractor, who is paid via fixed-term payments. The method is so successful that in some cases the PBC has lead to novel financing via tolls of the waterway (a concession contract).
This paper provides supporting information of three successful applications of PBCs in Argentina and The Netherlands in large dredging programs. In all instances, disputes have been absent throughout these three contracts (involving over 20 years of continuous dredging). Additional data is presented on the technical and quality aspects that are most significant to the PBC to preserve the quality and successful completion of the projects.
In addition to presenting the paper PCG will host a 1-day Executive Dredging Seminar at Manzanillo International Terminal (MIT) Wednesday May 9th. PCG already taught a week-long dredging class to the Maritime Authority of Panama (AMP) in April.