Project delivery approaches span from the traditional design-bid-build (open architecture), design-build, design-build-operate-maintain and design-build-finance-operate-maintain. The project scope may include some or all components of the project i.e. infrastructure and the operating system. A project delivery approach is not one-size fits all; instead it is a business decision based on multiple factors that include 1) scope of work; 2) risks in terms of schedule and costs; 3) legal requirements and finally, the owner's approach to financing the project i.e. pay as you go, or some form of public-private-partnership. This paper examines key factors in a typical owner's decision making process when applied to structuring the procurement. Also examined are the implications for the bidders/tenderers and potential approaches that can alleviate risks to provide a cost effective and competitive project procurement.
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