Using this method, owners manage only one single source design-build entity contract as opposed to the multiple contracts used in traditional design-bid-build project delivery. Design-build entities are selected based on a procurement process that asks them to develop a design and cost proposal with performance guarantees with either a fixed price or a Guaranteed Maximum Price (GMP).
In the BVS method, a design package is developed based on parameters from the owner, but typically without including the owner’s input in the design process.
