Project Delivery Methods
Every project is unique in terms of project type, budget, schedule, financing objectives, available resources and appetite for risk. Project delivery models vary accordingly and can be adapted to address client-specific requirements.
To meet project goals, clients must choose their preferred project delivery method and level of involvement early in the process. PCL is flexible and will customize project delivery methods to deliver the best value to meet your business needs.
Construction Management Variations: From Agency and At Risk to GMP
The hallmark of CM is the opportunity for early engagement of our preconstruction experts who collaborate to optimize value by developing construction methods, materials and solutions that result in quality enhancements, serviceability and improved life cycle. We apply our knowledge of construction costs, schedule and market trends to ensure the project is executed on budget, while minimizing risk associated with incomplete scope of work. Under CM, all project costs are typically reimbursable.
Turn-Key Contract: PCL as Your Single Source Design Builder and Risk Owner
As design builder, we own the risk for both design and construction of your project, based on prescribed Project-Specific Output Specifications. DB is highly collaborative as the full project team comes together early in design. Combined expertise drives value to design and construction outcomes, effectively mitigating the risk of scope and cost escalation. DB ensures cost effective, quality facilities typically delivered on reduced schedules as construction can begin prior to design completion.
Alternative Financing and Public Private Partnerships
This rigorous project delivery method transfers risk to entities that, as an integrated ‘project company’, are best placed to manage risk, namely: financiers, developers, contractors, consultants and operators. The public sector can transfer operating, maintenance, construction, financing and schedule risk from taxpayers to the private sector enabling quality on time/on budget, fast-track project delivery. As risk owners, the project company, in turn, receives a long-term commitment of revenue. We power Investments is our development and equity investment entity and oversees consortium leadership, strategy, bid development, commercial structuring, arrangement of project financing and, for projects that require it, equity investment.