Phase 2: Feasibility and Approval Process
The purpose of the University of Denver Capital Projects Review and Planning process is to foster dialogue between project sponsors, University leadership and operational units with expertise in bringing form to function. An additional benefit is transparency of University aspirations for and requirements of the project that will consume considerable resources, staffing and time to bring to fruition. Phase 1 of the process involves a brief Capital Project Proposal.
The purpose of phase 2 is to describe in greater detail the feasibility and funding strategies for the proposed project, and to provide the Chancellor and the Board of Trustees an opportunity for comment and input before additional University resources are committed. Download the Phase 2 Form here.
In this phase:
- The project sponsor partners with Facilities Planning and other units with professional expertise to complete the Feasibility and Funding Plan. Programmatic topics are addressed by the project sponsor; other topics addressed by relevant administrative units (advancement, architect, facilities, technology services, counsel, etc.)
- Upon initial approval of the Chancellor, the project sponsor and relevant administrative unit representatives present the Feasibility and Funding plan to the Building and Grounds Committee of the Board of Trustees. The Committee then makes a recommendation to either the Board of Trustees or the Executive Committee for approval.
Capital project planning is a sub-field of capital asset management, which is strategic and distinct from facilities management (a technical function).
The ten phases in the capital project process and their purpose are:
- Project Initiation and Concept Development
Ensure general understanding of the proposal and to inform administrators of the intent of a project sponsor. - Feasibility Plan and Project Approval
Document in detail the concept developed in phase 1 and develop the basic financial plan to provide thorough information to the approvers. - Project Planning and Design
Describe the requirements of a proposed initiative in such a manner that a professional consultant could prepare a proper design. - Architect Selection
Hire consultants necessary for the planning, design and management of capital construction projects. - Schematic Design
Develop the concept and basic framework for the design of the project. - Design Development
Develop a rational plan to incorporate the program in a building form on the site. - Construction Documents
Develop the construction plan, process and site/material specifications. - Bidding and Negotiation
Review bids and negotiate terms with the general contractor to be hired. - Construction
Build the building; complete the construction work. - Warranty Period
Typically one year after completion, during which deficiencies are evaluated and addressed.