Event
Public agencies are increasingly exploring innovative contracting models to enhance efficiency, reduce costs, and foster innovation in engineering projects. This session, based on a recent ACEC Research Institute study led by Dr. Michael Garvin (Virginia Tech), explores the expanding role of lump sum contracts in the provision of engineering services.
Participants will gain insight into the current practices, benefits, and implementation strategies associated with lump sum contracting. Key discussion points include how lump sum contracts streamline administration, support workforce flexibility, enable innovation through emerging technologies, rebalance risk with clear scopes, and offer best practices for successful implementation through strategic planning and collaboration.
Designed exclusively for public agency leaders, this session will provide actionable guidance and real-world examples for implementing lump sum contracts effectively. Learn how this approach can align public expectations with engineering innovation while maintaining budget discipline and project success.
Panelists:
Dr. Michael Garvin, professor, Department of Civil and Environmental Engineering, Virginia Tech
Greg Kelly, President & CEO, STV
Eric Pelfrey, Director of the Division of Professional Services, Kentucky Transportation Cabinet
Moderated by David Whyte, Firmwide, Federal and Transportation Practice Marketing Manager, Kimley-Horn