Tuesday, March 13, 2012
Wicked Solutions - Procurement and Finances
The Wicked Series in AUGIWorld Magazine continues in March and April with articles addressing IPD Procurement Programs and Wicked Financial Solutions. The procurement article will appear in the March issue and the financial solutions article will appear in the April issue.
The IPD Procurement Program article should be of particular interest to public owners and large institutional owners in the private sector looking for ways to procure BIM enabled infrastructure from integrated teams. The article argues owners need to reach out to their partners in built industry to determine what BIM deliverables are necessary at each stage of a project to ensure the owner receives a fully BIM enabled piece of infrastructure at the end of the day.
The Wicked Financial Solutions article is introductory in nature and will be followed by a series of more substantive articles that address the role of lenders, insurers and sureties in the procurement process. This article briefly touches on the importance of the role each stakeholder in the financial picture plays, but does not delve into the details. In future articles we will explore these issues in more detail. Public private partnerships (P3s) and public projects involving public bonds as all or a portion of the financing mechanism represent two novel and complex funding mechanisms that need more attention in the future.
This post will be updated when the IPD Procurement Program article is published. Meanwhile, if you or your clients have questions do not hesitate to call or email.
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James L. Salmon, Esq.
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Cincinnati, Ohio 45202
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