Are you a community in Indiana working on a Public Works project? Did you know that there are a variety of delivery methods, including obtaining quotes or bids and implementing a design-build or guaranteed savings project method? Refer to our quick reference on Project Delivery Alternatives.
Before we get into the 5 reasons, let's make sure we've got a clear understanding as to what a Guaranteed Savings Contract (GSC) is. A GSC provides a method for selecting a contractor for water, wastewater and energy projects utilizing qualifications. GSCs preserve the strengths of design-bid-build (DBB), while incorporating the value and performance benefits of design-build (DB). They are primarily intended for the replacement of something that is failing. One example would be a failing water main, with the curb and pavement above the main also included in the GSC. With that said, here are 5 reasons why a GSC might just be the right thing for you.