Dissecting Project Delivery Methods and Creative Project Financing

Chris Vaeth, McCownGordon Construction
Daniel Lacy, McCownGordon Construction

Which project delivery method best suits your project? It isn't always a one-sized fits all answer. How the project will be funded, designed, constructed and delivered, is one of the most crucial decisions made by owners who embark on construction projects. The right choice can help overcome project challenges and be tailored to best meet the unique needs of each owner and project.

There are several important project considerations that are directly impacted by the delivery method selected. These considerations include the need to adhere to a realistic budget, a schedule that accurately presents the performance period and meets the owner's needs, a responsive and efficient design process that leads to a quality set of documents, a thorough risk assessment followed by the proper allocation of risk by the owner, and a recognition of the level of expertise within the owner's organization or available to it.

Whether it is design-bid-build, construction management or design-build, each project delivery methods hold a different level of risk for the owner. Generally, the level of control retained by the owner correlates with the level of risk, and those levels typically have an inverse relationship to the risk and control levels of the contractor. None of these delivery methods are right for every project. For each situation, there will be advantages and disadvantages in the use of any specific method. The owner needs to carefully assess its project requirements, goals, and potential challenges and find the delivery method that offers the best opportunity for success.

Project owners generally have the same goals when completing a project: construction at a reasonable cost, of the highest quality, and completed within the shortest period of time. However, some goals may take precedent over others. For example, the speed of implementation may be more important than cost on certain projects. For others, maintenance and life-cycle costs may be the primary concern. Owner control of the design and/or construction may be important for some, while, for others, limiting the risk of costly changes is paramount. Creative techniques, such as public private partnerships, are allowing organizations to improve their facilities while keeping their institution's bottom line at the forefront. Our team will discuss these new options with financing and project delivery to increase program, enhance materials, accelerate schedule, assist with long term operations, and provide flexibility where more traditional methods may not allow.

Join us to learn the intricacies of each of these methods along with what best suits your needs as an owner.

Learning Objectives

  • Learn the contractual differences between each delivery method
  • Learn why some owners choose different delivery methods based on their level of construction knowledge along with their desired time commitment for the project.
  • Learn how communication plays a major role in making any of the various project delivery methods successful
  • Learn creative financing techniques

Biographies:

Chris leads the preconstruction department for McCownGordon. He has successfully managed the preconstruction phase for numerous substantial projects throughout his career, providing valuable input and solutions. Utilizing his extensive knowledge and background, his experience adds significant value to collaborative project teams in the preplanning phase. He understands the importance of intensive coordination and is a leader in the industry with his unwavering

Daniel leads the science and technology market for McCownGordon. His clients include some of the region's most notable organizations including Boehringer Ingelheim Vetmedica, Inc., the Kansas Bureau of Investigation and CEVA Biomune. He's found a unique niche for not only science and technology projects, but large complex projects that require extensive coordination and communication. Daniel places a strong emphasis on building relationships and currently serves as a board member for I2SL.

 

Note: I2SL did not edit or revise abstract or biography text. Abstracts and biographies are displayed as submitted by the author(s).