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Learn About the Costs and Benefits of a Design-Build Contract

Learn About the Costs and Benefits of a Design-Build Contract

by Proforma Construction Inc, August 22, 2017

Discover what you need to know about design-build contracts.

When it comes to your construction project, it’s important that you tailor the project to your specific needs. From the functionality of the building to the aesthetics and design, it’s important that you pay attention to the process. Often times a design-build contract affords you the opportunity to package your design and construction into one process. Find out what you need to know about the costs and benefits of a design-build contract.

What is a Design Build Contract?

A design-build contract is a construction agreement where the construction and the design of the project happen at the same time to create the final project. It’s often used as a more efficient way of completing a project that involves both construction and design elements.

Benefits of a Design Build Contract:

  • When it comes to a design-build contract, it’s often a more efficient way of conducting the project. With a design-build contract, you’re able to save time by creating the right timeline with both the design and construction team. Additionally, you have one main point of contact so that there’s no confusion when communicating what you want from the project.
  • When it comes to a design-build contract, you’re able to customize your project. You can tailor your vision to the space you have.

Cons of a Design Build Contract:

  • Estimates vs. Final Costs. When it comes to a design-build contract, it’s important to consider the costs. While you’re given an estimate throughout the process, sometimes the actual cost of the project differs from that of the estimate. Be prepared for the financial elements of the design-build contract.

When it comes to your commercial design-build project, ensure that you have experts at your side. Proforma Construction has the professionals to help you determine if remodeling, expanding or new construction is the best for your commercial construction needs.