Construction Financial Glossary

Design-Build Contract Definition

A Design-Build Contract combines design and construction services under one contract, with a single contractor responsible for both the design and execution phases. This integrated approach streamlines project management and reduces the need for multiple contracts.

How Design-Build Contracts Improve Efficiency

In a Design-Build contract, the contractor takes responsibility for both the design and construction of the project, allowing for better coordination between the two phases. This can lead to faster project completion and reduced costs, as the contractor can optimise the design for construction efficiency.

Best Practices for Managing Design-Build Contracts

Contractors should ensure that both design and construction teams are aligned from the outset. Clear communication with the client throughout the project is essential to avoid scope changes and ensure that the final outcome meets expectations. Regular progress reviews should be conducted to keep the project on track. Related Terms: Main Contractor, Client

FAQs

What are the advantages of a Design-Build contract?

A: Design-Build contracts streamline project management by integrating design and construction, often leading to faster completion and reduced costs.

How does a Design-Build contract differ from a traditional contract?

A: In a traditional contract, design and construction are handled by separate entities, while in a Design-Build contract, a single contractor manages both phases, reducing the need for multiple contracts.

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