Mastering Project Delivery: Challenges of GMP, Design-Build and Joint Venture Projects in Construction

Description

Great explanation of the GMP format and what to look out for.

Participant
Littleton, CO

 

Rick is very knowledgeable and provided valuable information and guidance about the GMP contracts.

Participant
San Diego, CA

Mastering Project Delivery and Choosing the Platform That's
Right for You - GMP, Design-Build and Joint Ventures

- Presented by Richard E. Burnham, Esq.

It's a fact — successful construction projects require three essential components: collaboration, a workable schedule and proper contract administration. Whether design-bid-build, design-build or CM-at-Risk, collaboration between the owner, design team, contractor and construction manager enables early identification of risks and least-cost solutions, reducing or avoiding contentious claims and adversarial posturing. These three exclusive 90-minute live webinars will extensively broaden your perspective and command of these important delivery methods -- a must for owners and contractors alike:

  1. March 5, 1:00-2:30 pm: Making Guaranteed Maximum Price Contracts Work for You
  2. March 19, 1:00-2:30 pm: Design-Build Contracts: Understand Administrative Challenges, Risks & Keys to Success
  3. April 2, 1:00-2:30 pm: The Fundamentals of Joint Ventures in Construction

Register now for this three-part series to learn best practices for construction project delivery that fit your goals.

 

 

successwithGMP429

Making Guaranteed Maximum Price Contracts Work for You

The pace of life seems to just get faster and faster, and construction projects are no exception. As owners have searched for project delivery systems that reduce the time it takes to get from project conception to project completion, one of the most common approaches has been the use of guaranteed maximum price or GMP contracts.

 

As the use of the GMP contract format has proliferated, so have disputes. The nature of many of these disputes strongly suggests that the parties using them do not fully understand (a) the differences between GMP contracts and the contracts that the users are accustomed to working under or (b) the risks that are inherent to this delivery system.

Topics include an in-depth description and analysis of the advantages and disadvantages of this contracting format, the four phases of work that are typical when working under a GMP format, the components of a contract and why it is so important to fully understand how each is defined and the conditions that apply to the payment of each component.

In addition, this presentation discusses the things to do and not do during each of these phases, administrative burdens placed on each of the parties when using this contracting format, what a change is under a GMP contract, how it is different than changes under other contracts and how contractors may need to change their standard subcontracts when working on a GMP project.

Attend this information-packed, 90-minute live webinar to:

  • Understand the fundamental differences between GMP contracts and other contracts
  • Review the components of the GMP contract and how each component is administered as work proceeds
  • Learn what the four phases of work typically are when working under a GMP format
  • Discover how the work done during each phase can affect the likelihood of success
  • Define what a change is under a GMP contract
  • And much, much more!

DBRisksAndKeys

Design-Build Contracts: Understand Administrative Challenges,
Risks & Keys to Success

As owners continue to search for faster and more cost-effective ways to procure their projects and as they continue to search for the best project delivery method for each of their projects, the use of the Design-Build format is becoming more and more common. This continuing thrust by owners has led many state legislatures to enact new regulations that change traditional licensing laws that had been impeding the use of this method. The move toward more innovative delivery methods like Design-Build has led to the surety community finding ways to deal with the risks that these new formats present to their traditional underwriting calculus. And it has also led contractors, designers (and their lawyers) to become more aware of the risks presented by these new forms of agreement and to explore joint ventures, new forms of subcontract agreements and insurance products that enable them to grow more comfortable with the format.

Yet the number of troubled Design-Build projects continues to suggest that many of the wrinkles are still being ironed out of this relatively new format and that not all in the contracting community are fully prepared to meet the risks and challenges that Design-Build work presents.

This program clearly presents what the unique burdens are in the Design-Build context. More importantly, the presentation explains how to meet the challenges that those burdens present. The materials used by the experienced instructor explain both the differences in the administration of Design-Build contracts and the differences in the management of the risks that this format presents to each of the stakeholders. The instructor has hands-on experience with this format from each of the contracting perspectives — he has dealt with it on behalf of owners, contractors and designers. Accordingly, this program explains the challenges and the methods for meeting those challenges from each of those perspectives.

Topics include an in-depth description and analysis of the advantages and disadvantages of this contracting format and an explanation of why the Design-Build format is becoming more common. The program will describe the up-front burden that must be met by the owner and its consultants in preparing and articulating project requirements, and examples that demonstrate methods for meeting that burden will be explored and presented. The instructor describes factors that the owner and its consultants should consider when determining what should be in the request for quotation (RFQ) and the request for proposal (RFP), and how to develop and implement the Design-Builder selection process.

The design review process that takes place as the Design-Builder proceeds with its work can be a fertile territory for disputes and misunderstandings, so a segment of the webinar is devoted to setting forth design review do's and don'ts. Differences in how to identify and measure "changes" in the Design-Build context will be explained.

Attend this information-packed presentation to:

  • Understand the fundamental differences between Design-Build contracts and other contracts
  • Articulate why this project delivery method is becoming more common and what tools stakeholders are using to enter into the Design-Build arena
  • Find ways to better meet the challenge of articulating a complete and effective set of project requirements
  • Learn what an RFQ should focus on
  • Get a better understanding of what the RFP needs to include and see examples of effective outlines
  • Evaluate how and why the submittal process is more important in the Design-Build context
  • Design review do's and don'ts for both submitters and reviewers
  • Understand how and why the definition of a change is different when working in the Design-Build context
  • And much, much more!

JointVentures

The Fundamentals of Joint Ventures in Construction

If you understand the risks of Joint Venturing and are prepared to meet them, the use of Joint Ventures may be a relatively low-cost, low-risk way to expand a contractor's experience, geographical market and technical expertise. Owners will also benefit from learning more about Joint Ventures – what to look for and require of Joint Ventures and what having a Joint Venturer performing their work may mean to them. This presentation will help Owners understand that Joint Ventures may result in their work being performed by entities with broader experience and expertise, and greater financial capacity.

Learn why, in an industry that is filled with fiercely competitive and independent-minded risk-takers, we so often see competitors come together to form Joint Ventures to pursue and perform work on construction projects in the USA and around the world. This webinar will explore this paradox, and the participants will learn not only why it is happening, but how it can work for them.

This 90-minute live webinar, which is presented in a simple and straightforward manner by a professional with years of hands-on experience in the negotiation, drafting and administration of Joint Venture Agreements, highlights basic differences and alerts you to the unique risks of Joint Ventures.

The information-packed program will help you:

  • Understand what a Joint Venture is and why are we seeing so many more
  • Learn how a Joint Venture gets formed and what you need to know about Joint Venture agreements
  • Compare how Owners, Contractors and Sureties view Joint Ventures
  • Determine the unique management challenges presented by Joint Ventures
  • Learn how Joint Ventures can benefit your business
  • Recognize the "basics" that you need to know about Joint Ventures
  • Assess some common risks that are inherent in Joint Venturing and learn how they can be managed
  • Be prepared for what could go wrong

The topics covered include a look at Joint Ventures from the perspectives of Owners, Contractors and Sureties and — by doing so, describe how this form of association may, or may not, benefit each of them.


Who Will Benefit?

These presentations are a must for owners, contractors, architects/engineers and their advisors who are (or soon will be) involved with contract selection and negotiations and want to enhance their practical working knowledge of the various delivery methods.

This event features key insights from our knowledgeable construction expert:

 

Burnham

Richard E. Burnham brings years of hands-on experience with all types of projects and a spectrum of contract delivery methods from a variety of perspectives. His past experience includes stints as vice president of a major international contractor whose $1 billion-plus annual revenue included major building and heavy construction projects for both public and private clients, a senior manager of a major engineering company, an advisor to public transportation agencies and an expert witness regarding the proper administration and analysis of changes, delays and damages. Mr. Burnham, a former adjunct professor at a highly regarded engineering college, has lectured on litigation avoidance, analysis of construction claims and critical path method scheduling. He holds a B.A. degree in economics from Georgetown University and received his J.D. degree from Villanova University School of Law.


Bundled Products

Making Guaranteed Maximum Price Contracts Work for You

Date / Time

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.
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Design-Build Contracts: Understand Administrative Challenges, Risks & Keys to Success

Date / Time

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.
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The Fundamentals of Joint Ventures in Construction

Date / Time

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.
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Price: $379.00
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