The prolonged recession hit the industry hard over the past few years. But for firms offering alternative project delivery, the recession took an additional toll. Many owners, seeing designers and contractors scrambling for work, decided to forego alternative project delivery in favor of hard-bid design-bid-build, believing it was the best way to get rock-bottom prices for projects.
Now, as the market is improving, many owners are absorbing some hard-won lessons from the recession. One is that disregarding the benefits of alternative project delivery to seek savings with a hard-bid, design-bid-build approach often costs more in the long run.