In today’s global market place, the Coal industry must spend its capital and maintenance dollars effectively to remain competitive.
“Design Build Contracts” (DBC) consistently deliver projects that meet this goal.
Performance guarantees can be more effectively achieved, and many of the questions of responsibility that arise between the design, construction and commissioning phases of a project can be eliminated. Expanded collaboration between the Owner and the Contractor in planning, budgeting and scheduling that occurs during the procurement process and prior to the costs and commitments associated with a final design is also an important advantage.
So, what are the significant differences between more conventional construction contracts and DBC that result in these advantages, and when do they work best?