College - Author 1
College of Architecture and Environmental Design
Department - Author 1
Construction Management Department
Degree Name - Author 1
BS in Construction Management
Date
3-2021
Primary Advisor/Subject Matter Expert (SME)
Joseph Cleary, College of Architecture and Environmental Design, Construction Management Department
Abstract/Summary
The public construction sector in the United States has predominantly used the traditional delivery method, also known as design-bid-build, to obtain and deliver projects. Accurately assessing the direction of the public construction sector must include analysis of the emergence of Public-Private Partnerships (P3) and alternative delivery methods. P3 projects in the United States are relatively new, an emerging trend from the late 2000s as an innovative way to utilize private capital to finance public projects, beyond a typical bond sale. Alternative delivery methods refer to any project award or management arrangement other than the typical design-bid-build, lump sum, competitive bidding process typical of public sector construction projects. The emergence of these trends are an attempt to improve upon the traditional process of public sector construction projects by improving financing options and project delivery issues including but not limited to overall cost, time to completion, and project quality. Construction companies engaging in these types of projects assume a large amount of risk in satisfaction of their contract with the public entity. Their perspective is important to improving the process of public construction. Contractors favor design-bid-build on traditionally financed public projects, but favor Integrated Project Delivery on P3 projects.
URL: https://digitalcommons.calpoly.edu/cmsp/447
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