- VMS, Inc.
VMS, Inc. is a major contractor for transportation infrastructure in the United States. In December 1996, the
Virginia Department of Transportationawarded VMS a contract for asset management and maintenance of 1,250 lane miles of interstate highways. VDOT estimated savings of 16% on road maintenance and a report issued by VDOT in December 2000 showed significant improvements in road conditions. VMS implemented pavement material innovations such as Roadflex, Novachipand a crack seal program. VMS also used just in timedelivery of maintenance services. All but 15% of VMS' services is subcontracted out. The services in Virginia were done under a Performance-Based Road Asset Management and Maintenance Contract, in which VMS guaranteed services to meet agreed upon standards and performance measures, the guarantee being backed with performance bonds. [cite book|title=Street Smart|pages=357-358|author=Zietlow, Gunter J.|chapter=Role of the Private Sector in Managing and Maintaining Roads]
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