MITIGATING CONSTRUCTION RISK June 30, 2014 Dial Passcode NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website.

Today’s speakers Connie Max VP and Chief Credit Officer LISC Jesse Elton Senior Program Officer Housing LISC Daniel Hernandez Founder TOPOLOGY Dan Adams Director of Development MidPen Housing

What does the design team look like? Structuring the team Hiring and monitoring consultants Collaboration is key!!

Contractor selection and bidding Negotiated bid versus competitive Managing the bid process Comparing bids

Construction contracts Types of contracts: pros and cons Contingencies Pay attention to close-out language

The construction process Who is involved in construction and the construction management process? On-site meetings Draw approval process In-house versus third party rep Best practices for closing out a job

Resources HUD Cost Controls and Safe Harbor Standards Integrated Project Delivery Construction Contract Types Pluses and Minuses: Cost-Plus versus Fixed-Priced Contracts Plus%20Versus%20Fixed-Price%20Contracts%20_ _.pdf Plus%20Versus%20Fixed-Price%20Contracts%20_ _.pdf

The LISC Institute for Comprehensive Community Development is designed to share knowledge and resources with LISC staff, local agencies in the LISC network and others who are working in the field of comprehensive community development. The Institute website, trainings, webinars and peer-to-peer support are tools that help practitioners and their partners successfully implement comprehensive community initiatives. LISC ICCD website