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Mitigating Construction Risk

Mitigating Construction Risk. June 30, 2014 Dial 1-866-740-1260 Passcode 4559883 NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website. . Today’s speakers. Connie Max VP and Chief Credit Officer LISC. Daniel Hernandez Founder TOPOLOGY.

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Mitigating Construction Risk

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  1. Mitigating Construction Risk June 30, 2014 Dial 1-866-740-1260 Passcode 4559883 NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website.

  2. Today’s speakers Connie Max VP and Chief Credit Officer LISC Daniel Hernandez Founder TOPOLOGY Jesse Elton Senior Program Officer Housing LISC Dan Adams Director of Development MidPen Housing

  3. What does the design team look like? • Structuring the team • Hiring and monitoring consultants • Collaboration is key!!

  4. Contractor selection and bidding • Negotiated bid versus competitive • Managing the bid process • Comparing bids

  5. Construction contracts • Types of contracts: pros and cons • Contingencies • Pay attention to close-out language

  6. The construction process • Who is involved in construction and the construction management process? • On-site meetings • Draw approval process • In-house versus third party rep • Best practices for closing out a job

  7. Resources HUD Cost Controls and Safe Harbor Standards • http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_9880.pdf • http://portal.hud.gov/hudportal/documents/huddoc?id=ho_safeharbor.pdf Integrated Project Delivery • http://www.agc.org/galleries/projectd/IPD%20for%20Public%20and%20Private%20Owners.pdf Construction Contract Types • http://www.abc.org/Portals/1/Documents/Membership%20Docs/MemberDiscountDocs/ContractTypes.pdf Pluses and Minuses: Cost-Plus versus Fixed-Priced Contracts • http://www.beankinney.com/media/publication/88_JFF%20-%20Pluses%20and%20Minuses_%20Cost-Plus%20Versus%20Fixed-Price%20Contracts%20_00111412_.pdf

  8. LISC ICCD website The LISC Institute for Comprehensive Community Development is designed to share knowledge and resources with LISC staff, local agencies in the LISC network and others who are working in the field of comprehensive community development. The Institute website, trainings, webinars and peer-to-peer support are tools that help practitioners and their partners successfully implement comprehensive community initiatives.

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