Project Delivery Methods
• Design-bid-build
– Negotiated team
Multiple Prime – owner w/ subs (as primes, each contracted to owner)
Many Prime – owner w/ many contractors (primes ea. contracted to owner, ea. w/ their own subs, usually for fast-track overlap)
Fast-track – non-linear. Traditional – linear
SLOW
Design-Award-Build
-Traditional – Contractor awarded after dwgs. done, usually Fixed Fee aka Stipulated/Lump Sum, not time sensitive
Design-Bid-Build – Competitive Bidding (Gov.) – lowest by law.
Design-Negotiate-Build – Negotiated Select Team or Competitive Sealed Proposals (Gov.) – prequalify
-optional compensation of Cost Plus Fixed Fee (Labor/Time and Materials) if there are unknowns like cost outset
-Fast-track by hiring contractor before dwgs are finished
FASTER
Design-Build
-All usually Fixed Fee aka Stipulated/Lump Sum, for time sensitive, when owner has building experience
Integrated Entity – one contract
Bridging – 2 Architects, 1 as agent to complete design package & 1 from design/build team as prime
FASTEST
Construction Management
-All Fast-track, for time sensitive, not usually the cheapest
CM-advisor or agent (owner becomes prime)
CM-Multiple Prime (subs)
Fixed Fee aka Stipulated/Lump Sum
CM-contractor (as prime) – fastest, Construction Manager at Risk
Many Prime (primes/trades and their subs)
GMP (guaranteed maximum price) or Cost Plus Fee
[Source: http://www.areforum.org/forums/showthread.php?220388-list-of-Project-Delivery-methods-and-contracts]