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 Albritton Williams has the capability and experience to build a variety of projects under various contract formats. Design / Build, Construction Management with or without Risk, Cost Plus Fee with a Guaranteed Maximum Price and Stipulated Lump Sum are some of the more typical contracts used today.
A brief synopsis of the various contracts is as follows:
Design / Build
Stipulated Lump Sum
Construction Management, with or without risk
Cost Plus a Fee with a Guaranteed Maximum Price (GMP)
Just as important as the type of contract to be used, is the timing and selection of the General Contractor / Construction Manager. The traditional method of soliciting Lump Sum proposals for a specific scope of work is still used today. However, realizing that this method is sometimes leading to 'cheap' construction (the low bidder) by someone who may not be fully qualified, other methods of selecting a Contractor have become prevalent in today's construction market.
Selecting a Construction Manager to work with the Architect during the design phase of a project has rapidly become the more favored method of selecting a Contractor. Utilizing some of the same guidelines used for selecting an Architect, an Owner can select a Contractor / Construction Manager to work as part of the team during the design / pre-construction phase of the project. With this comprehensive team utilizing their various areas of expertise, the Owner is assured of getting the best product possible based on whatever budget parameters have been established.
Based on the various contract types, Albritton Williams urges Owners to select a Construction Manager during the design phase and plan on using a Cost Plus a Fee, Guaranteed Maximum Price contract. The CM can provide valuable assistance during the design phase to help the Owner get the highest quality project that falls within the budget constraints. With a Cost Plus, GMP contract in place, the Owner is assured of paying only those costs incurred for construction of the project with the added guarantee that the costs will not exceed a specified amount.
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