Project Delivery

Question 1

RFQ

Answer 1

Request for Qualifications

Question 2

RFP

Answer 2

Request for Proposals

Question 3

Types of selection procedures for bid

Answer 3

Lowest bid, Best value bid, Qualifications-based

Question 4

Design-Bid-Build

Answer 4

Competitively bid, lump sum construction contracts based on complete CDS; 3 players: owner, designer builder; 2 separate contract O-A, O-B; lowest responsible bid, market price

Question 5

CM@R

Answer 5

Construction Manager oversees project management & building technology issues, may also be GC; GMP (Guaranteed Max Price), through at-risk agreements the CM@R becomes CM/GC; 3 players: owner, designer, CM@R; 2 Separate contracts: O&D, O&CM@R; overlapping phases

Question 6

At Risk

Answer 6

Construction Manager holds trade contracts & takes performance risk; sometimes cost guarantee or GMP

Question 7

Design-Build

Answer 7

owner contracts with single entity, Designer-Builder; fast track of design & construction; cost or solution basis for selection