APPLYING DESIGN-BUILD APPROACH TO CONSTRUCTION AND ENGINEERING PROJECT MANAGEMENT
Abstract
Nowadays, construction and engineering project owners have been using a variety of financing contract approaches to carry out their investment projects. Design-Build finance is a standard financing method for implementing project management. It helps domestic enterprises and consultants have access to a new form of project management that is highly professional because of the ownership in all aspects of consultancy and construction services. This paper presents an overview of the advantages and challenges of applying design-build financing approach in construction and engineering project management.