Palm Beach Undergrounding Master Plan COMPLETE MP Online-v4 | Page 77

Executive Summary 7.0 Project Delivery Methods A project delivery method is a system utilized by owners and public agencies to manage how a project will advance from concept to construction. Project delivery refers to the method of assigning risks and responsibilities to an entity for design and construction services and is different from project management. Project delivery methods can be grouped into several basic categories consisting of Design-Bid-Build (DBB), Construction Management at Risk (CMAR), Design-Build (DB), and Integrated Project Delivery (IPD) which is a new method that is gaining popularity in the vertical construction industry. Because the industry is relatively inexperienced with IPD, and it has not been commonly applied to the construction of public infrastructure, this master plan will focus on DBB, CMAR, and DB while only providing a brief description of IPD. 7.1 Project Delivery Method Selection Factors There are several key factors that the Town must consider when choosing a project delivery and contracting strategy to execute the Undergrounding Project. These factors are summarized as follows. ¾ ¾ Budget: The Town has previously established an overall project budget and plans to sell bonds to raise the necessary funds to execute the program. To establish budgetary costs and assess the risk of exceeding this budget, this master planning process will develop an updated opinion of probable cost for the program. This will assist the Town in properly planning to manage this risk. The Town has varying degrees of control over these entities. For example, the Town has a great degree of control over the Town Design Team due to the contractual relationship between these two entities. However, the Town has much less control over FPL, AT&T, and Comcast. These varying degrees of control create an element of risk that must be considered when developing an overall schedule for the project. ¾ ¾ Design: The design must meet the needs and vision of the Town. For the undergrounding project, the design team is made up of various entities including the utility owners who will design and ultimately own the