{"id":1020,"date":"2018-05-08T21:13:00","date_gmt":"2018-05-08T21:13:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/2018\/05\/08\/regulatory-trend-lege-trend-procurement-trend-switching-to-a-5-step-contracting-process-that-shifts-liability\/"},"modified":"2018-05-08T21:13:00","modified_gmt":"2018-05-08T21:13:00","slug":"regulatory-trend-lege-trend-procurement-trend-switching-to-a-5-step-contracting-process-that-shifts-liability","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/regulatory-trend-lege-trend-procurement-trend-switching-to-a-5-step-contracting-process-that-shifts-liability\/","title":{"rendered":"Regulatory TREND. LEGE TREND.  Procurement TREND. Switching to a 5 Step Contracting Process that Shifts Liability."},"content":{"rendered":"<p><strong>State: <\/strong>Arkansas<\/p>\n<p><strong>New transportation construction contract process:<\/strong>\u00a0construction manager\/general contractor (CMGC) form of contracting<\/p>\n<p><strong>Why the switch?\u00a0<\/strong>liability and risks of cost overruns move to the contractor<\/p>\n<p><strong>What parameters did the Legislature put around the new contracting method?<\/strong><\/p>\n<ul>\n<li>3 projects only<\/li>\n<li>totaling no more than $200 million<\/li>\n<\/ul>\n<p><strong>How does it work?<\/strong><\/p>\n<ul>\n<li>\n<p>Design Phase: contractors submit requests for proposals<\/p>\n<\/li>\n<li>\n<p>After the design phase:\u00a0contractor submits its cost estimate to build the project<\/p>\n<\/li>\n<li>\n<p>If that cost is within 10% of the DOT\u2019s cost estimate, the contractor wins the bid<\/p>\n<\/li>\n<li>\n<p>Contract sets a ceiling price that the contractor cannot exceed.<\/p>\n<\/li>\n<li>\n<p>If the DOT and contractor\u2019s cost estimates exceed a 10% difference, then the project goes through a competitive bidding process<\/p>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.equipmentworld.com\/ark-dot-tries-out-new-contracting-process-for-road-projects\/\">Equipment World |\u00a0<strong>Ark. DOT tries out new contracting process for road projects<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>State: <\/strong>Arkansas<\/p>\n<p><strong>New transportation construction contract process:<\/strong>\u00a0construction manager\/general contractor (CMGC) form of contracting<\/p>\n<p><strong>Why the switch?\u00a0<\/strong>liability and risks of cost overruns move to the contractor<\/p>\n<p><strong>What parameters did the Legislature put around the new contracting method?<\/strong><\/p>\n<ul>\n<li>3 projects only<\/li>\n<li>totaling no more than $200 million<\/li>\n<\/ul>\n<p><strong>How does it work?<\/strong><\/p>\n<ul>\n<li>\n<p>Design Phase: contractors submit requests for proposals<\/p>\n<\/li>\n<li>\n<p>After the design phase:\u00a0contractor submits its cost estimate to build the\u2026<\/p>\n<\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,8,10,52,26,5,31],"tags":[],"class_list":["post-1020","post","type-post","status-publish","format-standard","hentry","category-contracting","category-funding","category-legislative-trend","category-procurement","category-regulatory-trend","category-roads","category-txdot","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/posts\/1020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/comments?post=1020"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/posts\/1020\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/media?parent=1020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/categories?post=1020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/tags?post=1020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}