Models refer to the organizational structure of the project, defining how the owner, designer, contractor and funders interact and collaborate. IO works with owners to select the best option for each project. These objectives govern these decisions:
- Creating competition and enabling innovation;
- Allocating project risks to the right party and appropriately incentivizing/ensuring performance; Providing as much cost certainty as possible for taxpayers.
People are typically familiar with a typical design-bid-build (DBB) model, but IO mainly uses Alternative Financing and Procurement (AFP) models, known as P3 or Public-Private models