Adam,
There is little doubt that DB devalues design, leaving just the signature architects in a good position, because their signature is what separates them most. For most of the rest of us, selling has always been hard, and its even harder now. The idea of technical superiority is somewhat lost, but every so often, I can prove it. On one China job, another gca proposed a 5M CM of earth, and I showed the owner how to do it for 1.7M CM, so he was a believer.
Mike,
I dunno. I have two and maybe three projects right now being funded through bond houses. And they have taken a stricter look at the business plans, etc., as well as costs.
Don,
Yes, there can be lower costs from contractors who work "off the hood of their car" so to speak. But, many value the "restrictions and feints" of usng fnancially strong contractors, bidding apples and apples, having strong contracts, etc. No doubt, these build in some costs, but the theory is that by restricting certain things, it may save a bigger cost and headache down the road when the small, cheap, unbondable contractor goes bankrupt, gets sick, etc and cannot finish the job. And, believe me, that does happen. (Well, it has happened to me on my projects)
I have even pitched two of my recent public projects to be built as "professional construction management services" mode rather than design-bid. Even explaining all the benefits of each method, while initially interested, the clients backed down. They are more comfy in the design bid arena, based on their experiences.
While I grant you that its possible to have the contractor self monitor and report honestly (LU does a great job of this, one of their keys to success), usually, the idea of the boutique contractor conjures up negative images in many. Like the one man show who wanted some of my work, and told the client he bids a lot cheaper when he doesn't have "those fancy pants architects" telling him what to do. That was sort of my best sales pitch to stay involved, because they figured he would cut every corner in the book.
So, it goes all ways. You and Mike have a bias one way, I have another, despite having probably proposed to do projects in every way imaginable over the years, perhaps more than most gca's. And, as to construction quality, that goes all ways, too. That is more true than ever since the big downsizing. While the LU and Wadsworth types probably had the best people at one time (because they paid more) there were always good people all over the business, and its probably even more true now.