Risk Management Assessment and Mitigation Strategies - A Rural States Approach
Recorded On: 03/14/2023
- Registration Closed
CONTENT EXPIRES: December 31, 2025
Over the past three years, MDT's alternative delivery program has doubled in number of projects and expenditures. The Governor recently directed MDT to increase alternative contracting delivery from currently 5% of our capital projects program to 20%. The impacts of COVID has had a significant impact on contractor availability and costs to deliver projects. Supply chain issues and lack of contractor availability requires we take special measures to assess project risks and develop realistic budgets. To add complications to the economic constraints, MDT has recently launched their bridge bundle program using D-B delivery. With over 400 on-system bridges exceeding 80-years old, MDT's bridge program relies heavily on design-build delivery. In late 2021 and spring 2022, fires and floods destroyed roadways and bridges in eastern Montana. MDT responded with fast-track tailored design-build solicitations to return traffic to the highway. This presentation will address: Economic and workforce impacts in Montana, risk assessments and mitigation strategies, methods used to entice interest with MDT D-B projects, developing strategies to expedite selection of D-B teams, development of turn-key decision processes, and the use of independent cost estimators to promote fair market pricing.