Use of these collaborative delivery models is on the rise as Owners realize the potential advantages of quality-based selection, schedule acceleration and performance-based risk transfer of some of their most complex projects. While these models provide benefits, they are not right for every project or every client, and strong execution of any model is key to success.
This presentation will leverage Water Collaborative Delivery Association (WCDA) training materials designed to educate Owners and Practitioners about collaborative delivery models, get beyond the high-level portrayal of the models, and dig into the nitty-gritty of project execution.
The presentation will compare and contrast to following for these two models:
- Fundamental risk allocation differences
- Project progression from selection of a Contractor/Design-Builder to authorization of construction
- How a Guaranteed Maximum Price Proposal is developed and negotiated
- Guaranteed Maximum Price Proposal (GMP) contents – what does it include?
- How Open Book Pricing works in practice
- Utilization of a Risk Register to create risk transparency
- Definition of the Off-ramp and when it is utilized
- Contract Fundamentals
- High level overview of state statues
A more detailed understanding of how these models are executed will help to refine an Owners’ and Practitioners’ understanding of whether these models are appropriate ‘tools in the procurement toolbox’ for a particular organization.