Large Bids/Large Risks: Perspectives from the Design Team and the Specialty Contractor

Summary: A project's design team and set of specialty contractors each face a distinct and complicated set of risks and responsibilities related to project cost estimates. The design team is charged with developing a project estimate for the owner that meets the owner's design and programming goals as well as the owner's budget. Meanwhile, the specialty contractor must develop a responsive bid that it can meet. On large projects, these risks are magnified. Join the Design Division and the Specialty Contractor Division for a collaborative presentation on the issues that arise over contracts, risk allocation, and remedies related to front-end project cost estimating.