Collaborative Contracts for Successful Projects

Alternative/collaborative contract delivery methods are becoming increasingly important because of their flexibility and success in accomplishing quality projects within budget and schedule. Research has shown that collaborative/alternative contract delivery methods resulted in 15-30 percent improvement in cost and schedule performance compared with traditional contracts. As such, alternative contract delivery methods can help to recognize and mitigate the impacts of economic uncertainty and inflation, construction cost escalation, and supply chain disruptions.

This course, delivered by industry experts, provides an overview of various collaborative and innovative contract delivery methods for construction projects. Fundamentals of alternative contract delivery methods, including basic contract structure, advantages and disadvantages, procurement considerations, optimal team structure, organizational challenges and preparedness, and risk management principles, will be presented. Furthermore, best practices for selecting the appropriate contracting method and contracting strategy will be discussed to help avoid disputes and costly claims.

What You Will Learn

This course will teach you the essential elements of various alternative contract delivery methods and possible collaborations. After completing this course, you will be able to:

• Understand the structure and fundamental principles of collaborative/alternative contract delivery methods
• Develop an understanding of procurement processes and requirements in collaborative project delivery contexts
• Understand the benefits and limitations of various types of contract delivery methods
• Selecting the suitable contract delivery method by aligning organizational goals and project objectives
• Identify and allocate risks to appropriate parties
• Acquire knowledge and tools to deliver complex projects on time and budget with acceptable risk and specified quality

Course Outline

• Collaborative/Alternative Project Delivery Methods For Successful Projects (The challenge and opportunity: why do we need to consider alternative project delivery methods)
• Traditional and Collaborative Contract: An Overview of Design-Bid-Build, Construction Management at Risk, Progressive Design-Build, Integrated Project Delivery Contracts – Core Principles, Challenges, and Best Use
• Contracts’ Characteristics: Types of Contracts, Roles and Responsibilities, Contract Formulation and Key Clauses
• Contract Delivery Method Selection (Project Objectives, Owner’s Goals, Decision Model)
• Procurement and Contracting Strategy for Successful Collaborative Delivery Projects (Pre-Procurement, Procurement, Contracts)
• Risk Management (risk allocation and risk management best practices and recommendations such as risk-based budgeting)
• Alternate Project Delivery Market and Selective Case Studies
• Lean Design and Construction Fundamentals
• Alternate Project Delivery Success Factors (Dos and Don’ts)
• Group Discussion: Attendees' Experience and Feedback

Who Is This Course For?

This course is designed for public and private civil infrastructure owners, engineers, contractors, and administrators who wish to enhance their knowledge about integrated/collaborative delivery contracts and improve current project management and procurement practices to save money and complete projects on time with desirable quality and risk. Participants by job function include:

• Project and Program Managers, Engineers, and Technologists
• Contract Managers and Administrators
• Procurement Managers and Administrators
• Operational Managers, Engineers, and Technologists
• Legal, Finance, and Admin Departments Personnel

What You Will Get

• Course handouts
• Certificate of attendance with 0.7 CEUs and 7 Professional Development Hours
• Breakfast, lunch, and networking/refreshment breaks