This supplement addresses critical updates and new considerations for design-build contracting in 1999. It provides essential information on managing costs within Guaranteed Maximum Price agreements, clarifies owner liability, and details new federal regulations impacting the industry. The supplement also covers the availability and implications of performance bonds and liability insurance policies, offering a comprehensive update for professionals in the field.

This supplement is designed as a focused update for professionals engaged in design-build contracting, building upon existing knowledge with the latest regulatory and contractual information from 1999. The content appears to be highly practical, addressing specific legal and financial aspects such as cost controls, liability, and insurance. Its value lies in providing timely information for navigating the complexities of design-build projects during that period.