September 27, 2017
Construction Collaboration Projects Growing in Trend:
One of the fastest-growing trends in infrastructure has been the collaborative approach to construction that has become more and more popular as the demand for construction takes off. These types of construction include a) design-build, b) public-private partnerships, & c) integrated projects. These types of construction projects are likely to gain even more ground in 2017 and beyond. This comes as Donald Trump has run on a promise of sinking more than $1 trillion into the infrastructure of various sorts in the next 10 years there are many new types of construction projects that have begun to pop up all over the country to help fulfill this initiative of the increased building.
In this piece, we will take a look at these three trends which are increasingly replacing the design-bid-build method that has set the precedent in previous years.
Design-Build (D/B) Projects are a new and growing trend of project delivery systems that are becoming more and more used in the construction industry. These projects are projects where the same company both designs and builds the structure making it that the company wanting the structure built only has to sign one contract. This minimizes the risk to the company by only having to work with one company to both design and build the structure rather than relying on multiple companies to do the work.
Public-Private Projects (P3):
A Public-Private Project (P3) is a partnership between a private company and a public company that uses the skills of both companies to build a public building or another piece of infrastructure. The private company builds the property and takes control of it and after a certain set period of time gives the control over to the public (usual government) organization. This period of time is usually quite lengthy and during the time that the private company has rights to the property they maintain the property and provide all needed repairs and services to the property as well as pay for the costs of it. After that set period of time, as specified by the contract, is up, the public (usually government) organization will take over all expenses and responsibilities as well as rights to the property moving forward.
Integrated projects are collaborative efforts between two or more entities that are coming together to complete an infrastructure project. These alliances can be between businesses, companies, individuals, or organizations that share an interest in seeing this project completed in a specific community. All involved parties use their talents and abilities as well as their unique resources to ensure that the project is completed and is a success. When the talent of everyone involved is harnessed the project is more likely to be a success. Seeing everyone work together can help increase the chances of the entire project coming together to be successful as well as ensuring that the project is done efficiently as possible as everyone involved uses their resources in the best possible way.
The Future of US Infrastructure:
It's hard to determine exactly else will affect the infrastructure in the US in 2017 and throughout future years but what is known is that the build-design, public-private partnerships, and the design-build methods are influencing how infrastructure is shaping up in 2017. These trends will likely continue to affect how infrastructure is built in the US for some years to come as well. What other emerging trends we see in the next 10 years with the new $1 trillion initiative remains to be seen but it is sure that these methods will have some influence in the updating and improvement of our rapidly aging infrastructure in the coming years.