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Design-Build/EPC Contractor’s Heightened Risk—Changes in a Changing World
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2009
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Design DecisionConstruction Project ManagementEngineeringChanging WorldRisk AnalysisConstruction PoliciesBuilding DesignEmerging RiskSocial SciencesSustainable DesignPrevention Through DesignRisk ManagementCost EngineeringSilver BulletDesignConstruction OperationsConstruct Epc ContractingArchitectural DesignIndustrial DesignChange OrdersConstruction TechnologyConstruction ManagementConstruction Engineering
Although design-build/engineer, procure, construct EPC contracting can potentially save millions of dollars up front, as well as dollars paid in change orders while construction proceeds, design-build/EPC contracting may not be the silver bullet for construction that design-build/EPC contractors perceive it to be. Owners often question whether the checks and balances are in place and question who really pays for alterations in design. Owners look toward the design-build/EPC contractor to be the onestop shop and the last stop for all the costs to be incurred for a project—from inception to project closeout. Thus, change becomes an issue that may not be well defined in today’s designbuild/EPC construction environment.