Innovative Contracting Methods
Innovative Contracting incorporates new practices to supplement traditional low-bid, design-bid-build contracting. Innovative contracting can decrease project delivery time, reduce construction time, improve safety, incorporate innovation, and reduce costs.
Innovative Contracting Guidelines
- Innovative Contracting Guidelines (Dec 2008)
- Constructability Review Guidelines
- Partnering Guidelines
- Partnering Field Guide (Mar 2014)
Innovative Contracting Methods
- A + B (cost + time) bidding
- Best-Value Contracting
- Construction Manager / General Contractor (CMGC)
- Design-build
- Incentives - Early Completion
- Incentives - No Excuse Bonus
- Indefinite Delivery / Indefinite Quantity (IDIQ)
- Lane rental
- Pay for performance
- Warranties