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Design/Build or Design/Bid/Build?

Author: 
Lisa Kay
Publication date:
January 14, 2019
Article Summary: 

The article discusses two common processes for capital improvements in condominiums: Design/Build and Design/Bid/Build. It highlights the importance of refurbishing common areas to maintain competitiveness in the market. The decision between the two processes depends on factors such as the board's ability to manage the project, sensitivity to cost and scheduling, and comfort with project risk. Both processes have their pros and cons, and the choice should be based on the specific needs and preferences of the condominium board.

Keywords: 

Condominium refurbishment, common area refurbishment, Design/Build, Design/Bid/Build, capital improvements, condominium market, project management, cost control, project risk.




Source Citation: 
Lisa Kay
Design/Build or Design/Bid/Build?
January 14, 2019
https://www.cci.ca/resource-centre/view/162?words=&filter=all
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