Design-Bid-Build vs. Fast Track

Why Fast Track?

Fast Track construction is a process where construction begins before design is complete. Naturally, this
requires a close working relationship between the owner and construction manager, but the benefits of
early occupancy can be substantial.

Advantages

As the name implies, the Fast Track process produces earlier occupancy than the traditional design-bid-build process.

In a rapidly changing economy, new technology, product development, and delivery methods emphasize the
importance of speed to market, so the ability to expedite the opening of a new production line, or a new distribution
center, can create a distinct competitive advantage. In addition, rapid delivery of a facility makes the capital
expenditure productive sooner which also lessens financing and carry costs.

Keys to Success

The keys to a successful fast track project lie in communication and collaboration, as well as a construction partner that
is well versed in the process and has a history of success with similar projects.

 

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