There are four main project delivery methods in construction: design-bid-build, design-build, construction management at-risk (CM@R), and integrated project delivery (IPD). ConsensusDocs is providing an April 4th Webinar on Construction Project Delivery Meth0ds 101 that will explain how the contracts you sign ultimately determine project delivery methodology. Register here. Choosing the right project delivery method for your project is a fundamental decision for success. All registrants will receive a recording of the webinar.
There are many varieties and variations within the four main project delivery methods. But ultimately the contracts that you sign define your project delivery method. Procurement selection determines the factors (qualifications-only, best value, or low bid) of how builders and design professionals are selected. Additionally, payment type (lump sum, cost-of-the-work, etc.) and design requirements (prescriptive, performance, and hybrid) heavily impact collaboration on a project.
By registering for this webinar, you will:
- Gain an appreciation for the benefits and risks associated with each project delivery method.
- Understand the basis and timing of how builders get selected and paid for work.
- Learn the difference between project delivery method and procurement selection.
- Understand the differences between cost-of-the-work, cost-of-the-work with a GMP, and lump sum/fixed price contracts.
Comments or questions about this article can be directed to Brian Perlberg, Executive Director and Senior Counsel, ConsensusDocs Coalition at bperlberg@consensusdocs.org. Register for the webinar here.