Innovative Construction Contracting Formats – Will They Succeed?

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As we move further into the 21st century, we continue to see new trends develop in project delivery for the construction industry. The industry is experimenting with different project delivery formats and combining them with the incorporation of Building Information Modeling (BIM) into the design and construction process. Today's contract trends are moving beyond the traditional Design – Bid/Price – Build delivery format into a more collaborative approach. The developer of a project, whether public or private, now has multiple format choices including Design–Build, Integrated Project Delivery (IPD), Construction Manager At Risk (CMAR), Public Private Partnership (PPP) and variations of lean delivery philosophy incorporated into design and construction delivery methodologies.

Originally published in the Orange County Business Journal - May 9-15, 2016.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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