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Interests Aligned with Owner
The interests of the client and prime contractor are aligned under the Capped Cost Approach, both parties are interested in executing the scope of work on a timely basis and getting the permits and engineering completed so that the project can get constructed. The Prime Contractor attempts to streamline the permitting process by providing a full design upfront for regulatory review, thereby reducing the number of comment cycles from the regulators and third party reviewers.
Reduce Cost and Accelerate Schedule
By combining the engineering and construction under one entity, the project runs more smoothly and really encourages collaboration and teamwork to get the project completed. It is not uncommon to have initial meetings with all the stakeholders to prepare a strategic approach to the project and get input from various perspectives. This collaboration adds value to the process and results in a higher quality project with fewer last minute changes and cost over-runs. Typical stakeholders include the owner, owner rep, architect, IWS engineers and project managers, operation and maintenance personnel, regulators, and key vendors.
Simplified Contracting and Single Source Responsibility
The IWS Capped Cost Approach enables the client to have one point of contact for all his wastewater issues, from permitting through design and construction. All the initial field investigation work, permitting, engineering, design, construction, and start-up is all under one Design-Build agreement. This simplified contracting mechanism eliminates the finger pointing that sometimes occurs between the engineer and contractor when the project goes to the field. A single source of responsibility reduces issues to out of scope items which are generally identified upfront in the detailed proposal.