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Methods employed by owners and developers to initiate capital facility projects; defining project objectives, constraints, participants, financing and delivery methods.

AE 475, AE 476 or CE 432

The learning objectives of the course are for students to:

• Understand what occurs in the early stages of project formation as capital facility owners and developers initiate a project;
• Understand the methods owners and developers use to progress through the capital facility process;
• Understand the different types of acquisition strategies, project delivery methods, and contractual systems to achieving capital facility owner objectives; and,
• Understand the decision-making needs of high performance sustainable building projects.

Introduction: How do projects get started; Project Definition: Goals & Constrains, Stakeholders, Budgets & Timelines; Feasibility Analyses; Project Financing & Costing Techniques, Engineering Economics, Options Analyses; High Performance Sustainable Buildings, Site Selection; Business & Tax Incentives; Project Delivery & Contracting from Owner's Perspective; Procurement Techniques: Requests for Qualifications & Requests for Proposals, Evaluating Proposals & Team Selection, Cash Farming: How to make Money from Cash Flow.

2 classes/week; 75 minutes per class