Design/Build
In the Design/Build model, the owner contracts with a single party to perform all design and construction management services, thus providing the owner with a single party that is responsible for both the design and construction of the project.
Typically, the owner selects the Design-Builder based on qualifications rather than on price. Working from very basic design documents and functional specifications, the Design-Builder provides a price for all services, then, upon acceptance by the owner, develops the construction documents and completes construction.
ADVANTAGES
Allows for fast project delivery
Eliminates possibility of disputes between design team and builder
Many different contract types available, including Guaranteed Maximum Price
DISADVANTAGES
Less control over design by owner
Difficult to obtain competitive price comparisons