Presentation Abstract:
Canadian public authorities are currently exploring and utilizing different approaches to infrastructure procurement and delivery as a result of the market shocks and waves experienced during and post-COVID. Such novelty involved moving away from the classic fixed price contract where the schedule and cost risks are largely allocated to the contractor or private consortia. New procurement models invite the project participants including the owner to engage in "variations of a risk sharing collaborative approach" that incentivize performance based on a commercial remuneration that aligns all parties on the best interest of the project. This paradigm shift require changes in culture, behaviour, skillsets, governance and decision-making.
This panel will explore the evolution, distinguishing benefits, traps and triggers for the new procurement models - from IPD to progressive design-build, construction management and alliance contracting - as well as paradigm shifts required in the procurement and delivery of future infrastructure capital projects.