Design-Bid-Build
Design-Bid-Build
Advantages
- Owner contracts with one single entity reducing administrative burden
- Architect and constructor collaborate to ensure work is completed faster and with fewer unforseen issues
- Collaboration fosters innovation between architect and constructor resulting in higher quality
- Integrated team leads to efficiency, reducing costs
- Open book accounting with savings that accrue to owner
- Integrated team closes liability gaps, virtually eliminating litigation risk
- Guaranteed Maximum Price established prior to construction start
Considerations
- Uses multiple bid packages
- Fewer firms with design-build experience to choose from