When public and private entities form partnerships, municipalities and governments gain access to ingenuity and innovation to meet their infrastructure needs. Ideal for transportation projects, P3s encompass a wide range of functions including project conceptualization and origination, design, financial planning and finance, construction, operation, maintenance, toll collection, and program management.
The CM/GC delivery method gives owners greater input on the design of the project while providing more accurate cost estimates. With CM/GC projects, the owner engages the contractor in a two-phase agreement, one as a consultant to assist with design development, and the second as a more general contract for project completion.
D/B projects combine design and construction efforts into a single point of responsibility, eliminating the need for a bid process prior to construction. This means less risk, efficient completion, and greater budget control for the project owner.