×

To Have and to Hold, in Sickness and in Health: Strategies for Managing Risk on Design/Build Teams

By Jonathan C. Shoemaker, Esq.

WhitePapers-Design-Build

Before joining a team to submit a proposal on a design-build project, it is important to understand the risks to the design professional’s firm associated with participating on a design-build team – including risks that arise even before the design-build team is awarded the project!

This paper provides a framework for the “old hands” and novices alike to understand, assess, and minimize the risks associated with participating on a design-build team (and, in turn, maximize profits). By considering how to choose the right partner, how to determine the right contractual structure for the design-build team, and how to manage the risks allocated to the design professional, the prudent design professional will be better equipped when considering the pros and cons of participating on a design-build team.

Read the report




You may also be interested in:

2023 Trends in Professional Liability Insurance

The AIA Trust together with the American Council of Engineering Companies (ACEC) and the National Society for Professional Engineers (NSPE) work annually to conduct an insurance carrier review and interview of professional liability trends and risk management issues.  The following are some highlights for 2023 as well as complimentary useful resources made available to you by the AIA Trust.

Avoiding fee disputes

Architecture firms should take the time to establish meaningful fee collection practices so that they can remain financially solvent. Avoiding fee disputes with clients helps maintain positive working relationships while safeguarding the ability to provide services on future projects, including those of existing clients. Timely collection of fees is essential since architecture firms do not…