1.

Design-Bid-Build involves the owner of a project contracting a contractor and designer

separately. A firm is contracted to undertake 100 percent of the design documentation.

The project owner will then solicit a fixed price bid from the contractors to undertake the

project. Design-build, on the other hand, involve the owner engaging a single body, the

design-builder in this case, who undertakes both the design and construction under one

single contract.

2. CM at risk describes a delivery process in which a construction manager agrees or makes

a commitment to deliver a fully complete project within a designated GMP. CM agency,

on the other hand involves a fee based service which tasks the project manager with

complete responsibility to act on behalf of the project owner.

3. Lump sum contract, schedule contract, Lump sum and schedule contract, cost plus fixed

fee contract, cost plus percentage of cost contract, special contract.

4. Bid bond, Performance bond, Payment bond

5. Surety bonds help to protect interests and the investments of the project owner whereas

insurance helps to cover the project stakeholders from the financial effects of a lawsuit.

The key difference is in terms who of the stakeholders in the project construction process

gets restored financially.