Mitigating Construction Risk

Mitigating Construction RiskJune 30, 2014Dial 1-866-740-1260 Passcode 4559883

NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website.

Todays speakers

Connie MaxVP and Chief Credit OfficerLISCJesse EltonSenior Program OfficerHousingLISC

Daniel HernandezFounderTOPOLOGYDan AdamsDirector of DevelopmentMidPen Housing

What does the design team look like?Structuring the team

Hiring and monitoring consultants

Collaboration is key!!

Contractor selection and biddingNegotiated bid versus competitive

Managing the bid process

Comparing bids

Construction contracts

Types of contracts: pros and cons

Contingencies

Pay attention to close-out language

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

ResourcesHUD Cost Controls and Safe Harbor Standardshttp://portal.hud.gov/hudportal/documents/huddoc?id=DOC_9880.pdfhttp://portal.hud.gov/hudportal/documents/huddoc?id=ho_safeharbor.pdfIntegrated Project Deliveryhttp://www.agc.org/galleries/projectd/IPD%20for%20Public%20and%20Private%20Owners.pdf

Construction Contract Typeshttp://www.abc.org/Portals/1/Documents/Membership%20Docs/MemberDiscountDocs/ContractTypes.pdf

Pluses and Minuses: Cost-Plus versus Fixed-Priced Contractshttp://www.beankinney.com/media/publication/88_JFF%20-%20Pluses%20and%20Minuses_%20Cost-Plus%20Versus%20Fixed-Price%20Contracts%20_00111412_.pdf

TheLISC Institute for Comprehensive Community Developmentis designed to share knowledgeand resources with LISC staff, local agencies in the LISC network and others who are working in thefield 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.

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