Waldrop Construction

Description

Fixed Price General Contracting Often an Owner already has plans for his project and wants a Fixed Price General Contract. After drawings and specifications are received, we take competetive bids on all phases of construction. Our excellent relationships with many subcontractors and thorough knowledge of pricing assures an efficient bid. We then establish a "fixed price", or a guaranteed maximum price for the project. Upon request, we provide performance and payment bonds to insure completion within this price. This contract is the traditional method of project delivery, and many owners prefer the security this type of contract provides. Design/Build The Design/Build approach provides architectural, engineering, and construction under a single agreement. Either our in-house Design staff or partnership with another Architect will work closely with the client, conceptualizing the completed project at an early stage. Concurrent estimating during development of the design assures a guaranteed price and scheduling far sooner than typically possible. Some advantages of this process are: -Potential for fast-tracking the project (beginning construction or procurement prior to the design being completed), resulting in a shorter overall delivery time for the project. This is a significant incentive to owners where time is an issue. - - - - - - Construction Management Agent Under a construction management approach to a major building project, professional expertise in the specialized areas of cost estimating, systems analysis, value engineering, "constructability" review, scheduling of activities, procurement, and construction coordination and supervision is added to the capabilities of the traditional project team of owner and architect. In the "Agent" method, the owner is legally the contractor and assumes most liability and risk. Waldrop Construction Inc, performing as the Construction Management Agent, acts in an advisory capacity to guide the owner through the construction process. The owner realizes cost savings because the multiple markup and fees associated with the traditional approach are removed. Construction Management At Risk This project delivery method is similar to the Construction Management Agent agreement, except Waldrop Construction assumes greater responsibility and risk. By working closely with the Owner and Architect from initial design, we may effectively form a budget and guarantee a maximum price early in the project. Upon request, we provide performance and payment bonds to insure completion within this price. Any cost savings realized from the guaranteed maximum price are returned to the owner. Cost Plus General Contracting Having developed close relationships with many clients over the years, some prefer to have their projects built on a cost plus a fee basis, believing they gain the maximum advantage of our efficiency in design and construction. Although this type on contract requires a very strong, trusting relationship between Owner and Contractor, it offers the greatest potential for savings in overall construction cost. Build/Lease Many business owners prefer to lease rather than own buildings for a variety of reasons.

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