Palm Beach Undergrounding Master Plan COMPLETE MP Online-v4 | Page 78

Therefore, schedule will be given a high priority when considering project delivery methods. ¾ ¾ Risk Assessment: There are inherent risks in any construction project. However, those risks can increase when the size, budget, and duration of the project increases. It is important that a risk assessment be performed during the planning phase of the project so that risks can be appropriately understood and allocated amongst the parties involved. In general, risk should be allocated to the party who has the best ability to exercise control over the risk. Each project delivery method assigns risk to the various parties differently. The Town will need to consider the level of risk it is willing to accept when selecting a project delivery method. ¾ ¾ Level of Expertise: The Town’s level of expertise and experience with the various delivery methods also plays a role in recommending an appropriate delivery method for the project. The Town’s ability to manage the project construction in-house can also influence the selection of a project delivery method. 62 | CHAPTER SEVEN 7.2 Overview of Project Delivery Methods The following provides descriptions and a summary of the advantages and disadvantages of the various project delivery methods available to the Town for project execution. and has properly prepared the bid proposal package per the instructions will be awarded the project. The following is a summary of the advantages and disadvantages of the DBB project delivery method: 7.2.1 Design-Bid-Build (DBB) Advantages: Design-Bid-Build is the most common and widely used project delivery method in the United States. The process involves executing the project in three sequential phases: Design, Procurement (Bidding), and Construction. The designer prepares the construction plans and specifications for use in the procurement process. For the Town’s undergrounding project, the construction documents will consist of drawings and specifications prepared by Kimley- Horn, FPL, AT&T, and Comcast. The project is then advertised for public bidding and price proposals are obtained from interested members of the contracting community. The Town is familiar with this process and has standard contracting language developed to execute construction projects using this delivery method. The selection process is usually the lowest responsive and responsible bidder under this delivery method. The contractor who submits the lowest price, has demonstrated that it meets the minimum qualifications set forth in the bid documents, y y This method is well understood by the Town and has well-established and clearly defined roles for the parties involved. y y This method is the most common approach for public owners having to comply with local, state or federal procurement statutes. The Town’s procurement department already has standard contracts and guidelines in place to facilitate this method. y y The Town has a great degree of control over the process due to their control over many elements of the design prior to selection of the contractor. In this case, the Town exerts less control over the designs prepared by FPL, AT&T, and Comcast or to changes to the design these entities may choose to make after the bidding process. Disadvantages: y y The process may have a longer duration when compared to other delivery methods since all design work must be completed prior to selection and award of a construction contract. y y The absence of a contractor during the design process does not allow for the advantages that a contractor may provide through assessment of scheduling and cost ramifications of various elements of the design. y y The Town generally faces exposure to contractor change orders and cla