chapter  9
24 Pages

Project delivery and financing: conventional and alternative methods

ByMICHAEL J . GARVIN AND ASHWIN MAHALINGAM

Over roughly the last twenty-five years, the topic of project delivery and finance has received significant attention in the infrastructure community and the construction industry. In the United States, the public sector’s mandated use of a delivery system where the activities of design, construction and operations were segregated, or independent, from one another has shifted toward a more open framework where other alternatives are now permitted and implemented. Globally, similar changes have occurred. The rationale behind these transitions is discussed subsequently. Further, this field remains in flux – a consequence, in part, of the search for ways to better align project stakeholder interests and objectives.