There is no clear-cut favorite among established
construction project delivery systems, according to a recent report from McGraw
Hill Construction, a division of McGraw Hill Financial.
Established systems include design-bid-build, in which
owners hold a separate contract with the design firm and contractor on a
project; design-build, in which one entity delivers both design and
construction to the owner; and construction management at risk, in which the
owner contracts with a construction manager during design who works
collaboratively with the design team in the final design stages and offers the
owner a guaranteed price for the final completion of the project.
McGraw Hill looked at the ability of a project to be
delivered satisfactorily, on schedule and on budget. It found that 60 percent
of owners who are highly satisfied with their projects used the CM-at-risk
system.
Architects were nearly even split between the three, while
the highest percent of contractors (43 percent) said design-build was the best
system for improving owner satisfaction.
On cost, the highest percentage of owners reporting projects
coming in under budget (33 percent) are using CM-at-risk. Thirty-eight percent
of architects said design-bid-build is the best delivery system for reducing
costs, while the same percentage of contractors said design-build was the most
effective way to reduce costs.
On schedule, all three groups said design-build has the best
impact of the three established delivery systems included in the study.
The
report also found that the majority of architects (60 percent) have engaged
most frequently in design-bid-build projects, while contractors were more
evenly split, with 37 percent reporting design-bid-build as most frequent.
However, most respondents said they expect design-bid-build
use to decrease in favor of the other two systems.
Interested in more about this informative report? Contact Wayne
Gregory @ wegregory@gregorymcs.com.
Source: Central
Penn Business Journal
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