Basics, Benefits, Draw Backs and Procurement
Capital Project Strategies, LLC
Design-build has gone from a new, alternative project delivery method, to a standard option owners regularly turn to for best value in project delivery. Studies show benefits of early contractor engagement in the projects as well as the group approach and team integration. Design-build offers an opportunity to add those components to projects.
However, it limits the owner’s involvement once the project price is established, increases the potential for change orders or claims if the owner wants change after the contract is signed, and decreases owner’s control and ability to quickly respond to design submittals. Plus, although lump sum is known at contract signing, it might not reflect the final project cost.
"While it is true that the fixed price for the entire project is not a factor for selection in a PDB project, other pricing factors such as design fees, the design-builder fee, general conditions for the project or other pricing elements can be used as evaluation tools. Due to the absolute transparency of the open-book process utilized in PDB, owners can have absolute assurance that they have received the best market-driven pricing.”
As owners constantly reassess their design-build procurement, contracting and execution, questions arise such as how much of the design should they control and what is the risk of taking on responsibility for that design?
Progressive Design-Build (PDB) has become one of the most widely discussed concepts in the public sector design-build market. PDB not only allows owners to remain actively involved throughout the design development process, but also fosters a collaborative relationship between the owner and its design-build team. This program reviews the unique procurement, commercial and contracting issues with the process, and how PDB has been used throughout the country on both large and small projects.
Listen to Michael Loulakis', the founder of Capital Project Strategies, LLC, a consulting firm providing strategic procurement, contracting, and risk management advice to capital project owners, 90-min presentation to:
- Learn the difference between lump-sum and progressive design-build
- Discuss advantages of progressive design-build
- Review how the procurement works under this new concept
- Discover how owners get more flexibility under this delivery method, while promoting collaboration at early stages of the project
- Understand how progressive design-build allows for a better chance of designing to budget
- Take a look at the cons of this delivery model
- Learn how and when cost is determined under progressive design-build method
- Realize the benefits of progressive design-build to risk management
- And much, much more!
Make design-build the success it deserves to be on your project. This 90-minute seminar will give you the insight to know what works and what doesn't in design-build. Sign up below and learn how to get the most out of design-build!
Who Will Benefit?
This recorded webinar is a must if you’re a construction owner, consultant, engineer, architect, subcontractor or construction attorney.
This event features key insights from our knowledgeable construction expert:
Michael C. Loulakis, is the President and CEO of Capital Project Strategies, LLC, a specialized consulting firm that provides strategic procurement, contracting and risk management advice to clients who develop and construct capital projects. He has extensive and diverse experience in working with public owners on major infrastructure projects, particularly those delivered through design-build or public-private partnerships. Some of his current projects include the $1.2 billion Northeast Water Purification Plant Expansion for the City of Houston and Phase 2 of the Dulles Rail (Silver Line) project in Northern Virginia. Mr. Loulakis also has a broad background in representing private sector owners in the power, petrochemical and process industries, helping them with project delivery issues, risk management and contract execution.
Mr. Loulakis writes and speaks extensively on design-build and other construction-related matters, and has been the co-author of the Legal Trends column in Civil Engineering Magazine since 1981. He is also the author of several books on design-build, including the Design-Build Lessons Learned series he has written since 1995. He has been an active member of DBIA since its formation in 1993, where he has served on its Board of Directors and took a lead in drafting DBIA's model design-build contracts, and is the leader of DBIA’s best practices initiative. DBIA recently honored Mr. Loulakis with its highest honor, the Brunelleschi Award. Mr. Loulakis is a Fellow in the American College of Construction Lawyers and was inducted into the National Academy of Construction. He holds a civil engineering degree from Tufts University and a law degree from Boston University School of Law. Prior to forming CPS, he practiced law for almost 30 years with the national construction law firm of Wickwire Gavin, P.C.
Order now to learn what you and every member of your firm must be aware of to perform a successful design-build project today!