DELIVERING REMARKABLE BUILDINGS SINCE 1960

Design-Build (DB) | (Possible Leaseback)

Description

Using this method, the owner hires the builder and the architect under one entity to deliver a completed building. A budget is usually furnished by the owner at the outset of the project. The Design-Build team then develops the design/drawings that fulfill the owner’s desires while also staying at or below the budget. A guaranteed maximum price (GMP) is then negotiated. Final design is completed while construction gets underway.

Owner Advantages

• Single-point accountability
• Enables fast-track delivery (construction begins before design is complete, saving time)
• Early GMP facilitates alternative financing methods
• GMP eliminates owner concern with cost overruns

Owner Disadvantages

• No check & balance between builder & architect
• Design is completed after GMP is determined