THREE BEST PRACTICES TO SAVE AS MUCH AS 20%-30% OF PROJECT COSTS:
1. ALWAYS SOLICIT COMPETITIVE BID PROPOSALS for all services and resources to be procured (At least 3 for each).
2. CHOOSE THE SUITABLE PROJECT DELIVERY METHOD (Each one has its own advantages and disadvantages) :
a. A project delivery method is a system used by an agency or owner for organizing and
financing: Design, construction, operations, and maintenance services for a structure or
facility by entering into legal agreements with one or more parties.
b. Design-Bid-Build (DBB) : where the owner needs both professional design services and
construction services and awards the latter service through competitive bidding.
c. Design-Build (DB) : A single entity to provide both design and construction services.
Contract may either be negotiated with a single Design-Builder or result from
competitive proposals.
d. Construction Management (CM) : Many owners engage construction managers (CMs) to
assist in developing bid documents and overseeing project construction.
e. Owner-Provided Delivery (OPD) : Mostly applicable to projects where the scope of the
work is within the owner’s range of skills, experience, and resources. Owners perform
some or all of the design services and construction work themselves.
3. MANAGE THE RESOURCES PROCUREMENT SYSTEM from the procurement of materials to the hiring of builders, consultants and professionals.
SAVE BIG ON YOUR NEXT BUILDING PROJECT! WITH A FEW SIMPLE TIPS AND TRICKS, YOU CAN CUT COSTS AND GET THE JOB DONE RIGHT.
