You can
get early cost input from the contractor. A price is put on
conceptual design ideas.
A Guaranteed
Maximum Price can be determined early as soon as the scope of
the project is established.
Time can
be saved because construction can begin before the final design
is completed. Example: Architect could be completing interior
designs while the site and foundation work is underway. This
technique is called Fast Tracking.
The need
for high-cost change orders is eliminated.
Architectural
and engineering fees are kept to a minimum and determined from
the beginning.
Contractor
fees are kept to a minimum and determined from the beginning.
Construction
costs are minimized by using the latest systems and methods
that the contractor KNOWS are cost effective.
Legal
fees are reduced or eliminated by eliminating adversary roles.
Chances
for misunderstandings are minimized with the team approach.
You get
the best and most effective ideas from your team members, because
of the cooperative team spirit.
Realistic
completion dates are established by the contractor who will
do the work.
You can
take advantage of special services such as preliminary studies,
value engineering and life cycle cost analysis.
