Daily Point 2090 - DBB with Construction Management (DBB with CM)

 

The Banking Tutor

Daily Point 2090

DBB with Construction Management

(DBB with CM) 

DBB with Construction Management is a modified version of the Design-bid-build approach. With partially completed contract documents, an owner will hire a construction manager to act as an agent. As substantial portions of the documents are completed, the construction manager will solicit bids from suitable subcontractors. This allows construction to proceed more quickly and allows the owner to share some of the risk inherent in the project with the construction manager.

 

Sekhar Pariti

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