As public–private partnerships (P3) become an increasingly popular delivery model, a new set of risks has begun to arise for both owners and bidders seeking to win projects. Based on experience, BRG sees common areas where disagreements occur; we then proactively address potential gaps and work towards further enhancing agreements between parties. The following are a couple of samples of areas in which we have seen these risks.
By: Tony Poli
Many construction-related claims presented to BRG’s Construction practice are cases of water intrusion, involving roof construction, wall and window systems, standard of care of designers and builders, and analyses of the performance of contractors and building materials. Our practice is intimately familiar with the national standards regarding water intrusion issues and we closely monitor the evolution of those standards.
Senior Managing Consultant Lawrence Bastianelli and Director Brad Wolf will present “Project Development and Strategies for Success” at the AACE 2013 Annual Meeting on Monday, July 1, in Washington, DC.
The paper details a project delivery system that provides key strategic information for go/no-go decision gates that effectively manage the risk-to-reward relationship during project development. The first three phases of the delivery system are collectively known as front-end loading and are devoted to project development. The paper explores critical project execution strategies to mitigate risks and maintain alignment of business and project objectives. Businesses have to make important and timely decisions regarding capital investments needed to sustain a position in the market or to exploit new business opportunities. We also discuss using third-party facilitators in augmenting the owner’s project management team as a valuable component of a well-rounded implementation process. To demonstrate the success of the concept, we provide two case studies in which experts worked with industry owners to incorporate successful strategies and project controls for critical plant investment projects.
Visit the event website.