image credit: Adobe Stock

The future is collaborative: The advantages of alternative procurement

October 10, 2022

Over the past decade, collaborative contracting methods have become more prominent in infrastructure projects. These project delivery practices, also known as “alternative procurement,” are differentiated from traditional low-bid or hard-bid contracting by the early involvement of the contractor in the planning and design phases of the project. This provides a number of benefits to the project by providing a forum to better manage costs and risks, allowing clients to select the best team for a specific project, building trust between stakeholders, leveraging the iterative nature of design development to improve delivery, and addressing sustainability concerns.

Read More on Construction Dive