MITIGATING CONSTRUCTION RISK June 30, 2014 Dial 1-866-740-1260 Passcode 4559883 NOTE: This session...
8
MITIGATING CONSTRUCTION RISK June 30, 2014 Dial 1-866-740-1260 Passcode 4559883 NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website.
MITIGATING CONSTRUCTION RISK June 30, 2014 Dial 1-866-740-1260 Passcode 4559883 NOTE: This session will be recorded and available (along with the PPT)
MITIGATING CONSTRUCTION RISK June 30, 2014 Dial 1-866-740-1260
Passcode 4559883 NOTE: This session will be recorded and available
(along with the PPT) on the LISC ICCD website.
Slide 3
Todays speakers Connie Max VP and Chief Credit Officer LISC
Jesse Elton Senior Program Officer Housing LISC Daniel Hernandez
Founder TOPOLOGY Dan Adams Director of Development MidPen
Housing
Slide 4
What does the design team look like? Structuring the team
Hiring and monitoring consultants Collaboration is key!!
Slide 5
Contractor selection and bidding Negotiated bid versus
competitive Managing the bid process Comparing bids
Slide 6
Construction contracts Types of contracts: pros and cons
Contingencies Pay attention to close-out language
Slide 7
The construction process Who is involved in construction and
the construction management process? On-site meetings Draw approval
process In-house versus third party rep Best practices for closing
out a job
Slide 8
Resources HUD Cost Controls and Safe Harbor Standards
http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_9880.pdf
http://portal.hud.gov/hudportal/documents/huddoc?id=ho_safeharbor.pdf
Integrated Project Delivery
http://www.agc.org/galleries/projectd/IPD%20for%20Public%20and%20Private%20Owners.pdf
Construction Contract Types
http://www.abc.org/Portals/1/Documents/Membership%20Docs/MemberDiscountDocs/ContractTypes.pdf
Pluses and Minuses: Cost-Plus versus Fixed-Priced Contracts
http://www.beankinney.com/media/publication/88_JFF%20-%20Pluses%20and%20Minuses_%20Cost-
Plus%20Versus%20Fixed-Price%20Contracts%20_00111412_.pdf
http://www.beankinney.com/media/publication/88_JFF%20-%20Pluses%20and%20Minuses_%20Cost-
Plus%20Versus%20Fixed-Price%20Contracts%20_00111412_.pdf
Slide 9
The LISC Institute for Comprehensive Community Development is
designed to share knowledge and resources with LISC staff, local
agencies in the LISC network and others who are working in the
field of comprehensive community development. The Institute
website, trainings, webinars and peer-to-peer support are tools
that help practitioners and their partners successfully implement
comprehensive community initiatives. LISC ICCD website