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WMF Builds…INSIGHTS #10   |   Savings After Bid Day

by D. Richard Fox, AIA

Integrated Project Delivery (IPD) Provides an Opportunity to Reap Project Savings AFTER Bid Day

A typical construction project may span 3 to 5 years and occasionally more. Often Owners consider the design process and construction activity as two separate events. This perspective impedes the ability to look for cost savings throughout the project, which translates into missed opportunities. Integrating design and construction professionals that communicate frequently and respect each others craft is a powerful tool that can fi nd and implement cost savings after bid day.

This is one of the benefits to an Integrated Project Delivery approach, by continuing to refine the product (your project) during construction. After bid day it is prudent to engage each of the trade contractors in a target cost management discussion to identify any opportunities to reduce project costs. Asking each of the contractor’s for their opinion often leads to ways to reduce
cost without reducing quality. But, even after these target cost management meetings it is imperative that the team (both design and construction professionals) continually look for ways to reduce cost or improve the product. This effort should continue through project close-out.

If your team is committed to the three C’s; communication, collaboration, and cooperation, it should always be looking for improvements to the project. The table illustrates a real world example of how IPD and communication throughout the project can save your client’s money.

For more information please see “The Guild Master” white paper

 

100% of savings isreturned to the Owner

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Above- After bid day cost savings example. This example is from a recently completed corporate research and manufacturing center for a large multinational company.

For More Information on Integrated Project Delivery Please Contact
Dick Fox  |  814.490.6096  |  dfox@wmf-inc.com
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