Final answer:
Design-Build Consortiums are a project delivery method in which the owner/client contracts with a consortium as a single entity to design and construct a project. This consortium typically includes a combination of designers, contractors, and subcontractors who work together throughout the project.
Step-by-step explanation:
Design-Build Consortiums are a project delivery method in which the owner/client contracts with a consortium as a single entity to design and construct a project. This consortium typically includes a combination of designers, contractors, and subcontractors who work together throughout the project. In terms of the given options:
A) The owner/client contracts with the consortium as a single entity: This statement is true. The owner/client enters into a single contract with the consortium, simplifying the contractual process.
B) Normally, the final cost estimate is determined by the end of the preliminary design phase: This statement is false. The final cost estimate is typically determined during the construction document phase, which follows the preliminary design phase.
C) Failure to achieve the quoted price at the end of preliminary design does not hold every member financially liable for the loss: This statement is true. In a design-build consortium, the members of the consortium share the risk, and the failure to achieve the quoted price does not hold every member financially liable for the loss.
D) Competition amongst consortia in the public sector is a major factor: This statement is true. In the public sector, where government agencies often use design-build consortiums, competition amongst consortia is a significant factor in the procurement process.