Two project delivery methods that have become very popular recently are Engineer-Procure-Construct (EPC) and Design-Build. This project delivery method has risen as a favored choice for some industrial clients and is beginning to pick up support in the manufacturing business.
Key Components
- Contracts with owner as one entity
- Prepares design and construction documents, cost estimate, and schedule
- Designs and constructs building for one price
- Coordinates the construction process and certifies construction
complies with the construction documents - May self-perform work
- Agrees to GMP or cost plus not exceed contract
Advantages
- Competitive bidding
- Fast-track options
- Cost savings revert to owner
- Reduce change order potential
- Team approach to construction
- Early cost control and budgeting
- Value engineering and system analysis
- Single point of contact
- Minimal risk to the owner for design and construction
Disadvantages
- Emphasis on price versus quality
- No checks and balances between design and construction
- Less owner control
- Limited option who you can hire for this method