Services
Growth Consultation for Engineering Firms
Teaming Strategy
Our advisors have a hands on experience in teaming arrangements. The key is to start early on this effort. Get to know the client and it’s objective for the project. Research the good, the bad and the ugly part of the project that you have to deal with to make the project successful. Select partners and sub consultants with care. Every task required on the project must be covered with confidence. If you have a unique idea, expertise or software that you want to introduce it must be discussed with the Client Team far ahead of Proposal to get their feedback.
IBA has a track record of helping clients build a strong team for selective projects. Many times our guidance will help you put the best efforts in teaming, presenting and winning the selective projects. We can also help you select your projects with proper due diligence.
If you are ready to be a prime, JV or a major sub on a potential project give us a call. We can expose your true potential to team up and win.
Growth Strategy
Our advisors have been Founders and CEOs of small to medium-sized engineering businesses in different parts of the USA. They have not only started their own firms, but few have managed to grow their firms to 1500 employees. Most of its growth has been organic. However, they have also managed several acquisitions successfully.
IBA has a track record of helping small firms grow at 25% each year without any acquisition. Medium firms can easily grow at 15% each year without any acquisition.
If you are ready to grow your firm to its potential, give us a call. The initial consultation is free of cost.
Design-Build
Design-Build has become a successful tool to complete a project in a shorter duration. Historically design phase has taken as much time or longer than construction on Infrastructure projects. By selecting the right designer who is willing to brainstorm with the contractor, the design phase can be reduced by 50% on most projects. The consultant can also receive an incentive for smart design. Few agencies have also asked their contractors to include an Independent Consultant for Construction Inspection. Another benefit of a Design-Build should be the minimum number of change orders because the contractor participated in the design effort as well.
IBA can help you to select your partners with care. Many consultants are not very comfortable working for a contractor. They fear their final payment may never come through if their relationship has become sour. However, there is an excellent opportunity for the designer to create a design that can be built in stages, and the contractor can get started in phases, thus saving time & money.
If you are ready to jump into Design-Build as a Designer, Construction Inspector, or a Contractor, please give us a call. Our initial consultation is free of cost.
CM-Design-Build
CM-Design-Build is only used for a unique project where the Contractor or the equipment Supplier may have the industry secret. They may even have a patent design that the client or the designer may prefer for their project. CM is in-charge of hiring the Contractor and bidding the project with certain equipment supplier in mind based on the client’s need. The challenge is to make sure the Contractor and the supplier work as a team. Otherwise we may encounter unnecessary delays in manufacturing and delivery.
Our advisors have hands on experience in CM-Design-Build projects and we can help you select the right project and the team to avoid its pitfalls. Planning & Scheduling plays a big role on such projects.
IBA is ready and willing to share our expertise with your team if you decide to pursue CM-Design-Build projects. Give us a call for an initial consultation which is free of cost.
CM at Risk
CM at risk is a common tool for private projects and a few selective public projects. Clients like this tool because they can transfer most of the project risks to the CM, who is also acting as a general contractor. CM is required to have the performance bond & the payment bond for such projects. CM will also hire a competent consultant to minimize the risks and delays during construction. The CM receives a lump sum fee for designing, managing, building, and assuming risks. Change order would not be an option unless a significant scope change was made during construction by the client.
Our advisors have hands-on experience in CM at Risk projects, and we can assist you in selecting the right client and the project. One must know everything about the project and the client before entering into CM at Risk agreement.
IBA is ready and willing to help you with your CM at Risk project, and its pitfalls. Give us a call for an initial consultation, which is free of cost.
PM/CM
PM/CM is primarily used for a large or a mega program of more than $1B, which will have several projects over several years. PM/CM is hired at an initial stage to develop scope, design standards, specifications, quality assurance manual, Cost estimate, and program schedule. PM/CM play an active role in selecting Designers, Inspectors, and bidding the Construction Contracts. Their job is to make sure all designers and Inspectors are following the same guidelines. They are also responsible to actively seek all required permits for the project. Most PM/CM teams are retained on the program until all projects are completed and closed out. Few clients prefer to award the CM contracts to the Program Management Team, while others see it as a Conflict. It definitely reduces the opportunities for other firms if CM contracts are awarded to the Program Manager.
Our advisors have hands-on experience in PM/CM projects. Most of the successful Program Managers are the individuals who worked on their megaprojects from A to Z. Closeout is a big effort for any PM/CM projects.
IBA is ready and available to help you win your first PM/CM project. Give us a call for an initial consultation, which is free of cost.
Merger & Acquisition
M&A is a powerful tool available to firms with access to Capital. They can easily grow by 25 to 30% every year by buying a smaller firm for the right price. The selection of the firm to be acquired is the key. The idea is to acquire a firm that can either make you stronger in the region or add an additional region to your map. You can also buy a firm that adds other services to your expertise. This way you can now provide additional services to your existing clients.
If you are a Seller you need a broker to create a beautiful story about your firm, the people, the client, the quality and safety record that will impress the Buyer. Your broker can also help you create a Five Year Projection that will assure the Buyer that it’s a good buy and he or she may or may not find another such firm soon. Make sure you get the buyer to sign your Non Disclosure Agreement before you disclose any specific information about your firm. Once your letter of Intent is signed be prepared to provide the following documents prior to their due diligence:
1. Financial Statements for last Five Years
2. Key People and their Bio
3. List of Clients
4. List of Projects
5. Record of successful performance on past and current projects
6. Overhead, multiplier and profit/loss history
7. Key events if any and explanations
