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Comprehensive Guide to Construction Project Delivery Systems and Contract Risk Management

Explore the key phases of project delivery systems, contract risk management, and best practices in the construction industry. Discover strategies for effective project planning, design, and bidding phases to mitigate risks and enhance project success.

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Comprehensive Guide to Construction Project Delivery Systems and Contract Risk Management

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  1. WEEK Four:  Project Delivery Systems & Contract Risk Management

  2. The Construction Management Association of America https://www.cmaanet.org Note example of projects: Transportation

  3. Resource tab Articles & Whitepapers The Construction Management Association of America https://www.cmaanet.org Note example of projects: Transportation

  4. Project Delivery Systems and Contract Risk Management

  5. Projects Phases • THE PLANNING PHASE • THE DESIGN PHASE • THE BIDDING PHASE

  6. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  7. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  8. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  9. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  10. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  11. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  12. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  13. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  14. THE DESIGN PHASE • Change Order/Claims Prevention Review • Freeze Design • Tailored Scheduling Specification • Payment for Changes Section – • Consequential Damages Clause • RFI Specification • Project Team • Adequate Design Budget • Sufficient Design Time • Consider BIM/VDC • Site Investigation • Project Management Processes • Incentivize Contractor Performance • Use Standard Form Contract Documents • Bonding Requirements • Insurance Requirements • Biddability/Constructability Review • Operations and Maintenance Review • Pre-purchase Owner Delay • Substantial/Mechanical Completion • Liquidated Damages • Actual Damages • Escrow Bid Documents (“EBD”)

  15. Questions WEEK Five: Management

  16. Upcoming Events • Elevator pitch workshop TBD • Disparity Study Meeting March 20 • How to select your Business Banker Workshop • How to select your Insurance Partner Workshop • How to select your Business Accountant Workshop

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