Publications

Inherent to the Alternative Financing and Procurement (AFP) or Public-Private Partnership (3P) model of capital project delivery is the notion that the successful proponent will have some leeway to introduce innovation during the design development. Proponents are encouraged to consider alternative designs during the bid process and to submit priced proposals based upon their preferred approach to designing and constructing a project.  In many cases, proponents are unwilling to share their innovations with the Owner’s representatives prior to bid submission.  Proponents must, by design, take a view on the risks associated with deviating from the Owner’s illustrative solution at time of bid submission.  A function-based approach to evaluation of alternative designs and construction methods can be very beneficial to proponents both at the bid stage and post-financial close.  An AFP proposal that incorporates well-considered innovations that can be accepted by the Owner is likely to be the most attractive proposal and deliver the most value for money – the ultimate goal of a successful AFP procurement!

 

This presentation/paper is geared towards helping owners, sponsors, implementing agencies, project companies, consultants and contractors to better understand the risks associated with design development.    Jeffrey Plant will share some of the lessons learned on the highly acclaimed and award-winning Port of Miami Tunnel Project – a Billion dollar project that was recently completed on-time and on-budget using a DBFOM model.