Lp In The Construction Industry

Choosing the most suitable procurement method for the specified construction project is a long term hard decision; it is a

To select a suitable procurement strategy for a construction project, there are some issues which need to consider. From all of those issues, there are 3 big issues that mainly affect the selection decision which are time, cost and quality. There is several type of procurement strategy available in market that commonly used for construction project and each of the common method will be analyze and compare to find the most appropriate method for this project. The choice of procurement strategy is very important to the success of a construction project. Therefore, the characteristic of each strategy have to analyze and also its relative advantages and disadvantages. A recommendation of most appropriate procurement

In October and December 2009, there was online survey conducted to quantify the frequency of each BIM Use along with the perception value for the BIM Use and the survey results represent that the largest percentage of respondents were the architects (36%), Design consultant(13%),General contractors(14%),and CAD consultant (14 %) and the least respondent were specialty contractors and facility managers (4%)

In my opinion, this way would not be a good way to determine the benefits of BIM when compared to the other two researches because, in this case, the response level was observed as 70%, and the others were case studies, which means they have been already implemented in the field on the site of construction. Two projects were selected where one of it followed BIM techniques and the other didn’t right from the beginning of construction. And from the literature review it is observed that the projects followed Integrated Project Delivery method where the planning starts from the pre construction phase of the project, and this project delivery method is the efficient way of project delivery method since all the teams will be coordinated much before the pre construction phase of the project. The case study presented in the first paper was based on owner's perspective and had less visibility to the contractor or designer. Apart from this, some of the data available was historical, thus an ideal state would be proper tracking of metrics by the team while

In most of the cases, when it comes to implementing a business idea into reality then hiring a construction contractor becomes an essential need. However, we also cannot hire any commercial builder for the task because this is not an investment that we make every day since it involves a lot of money where we do not want to take any risk. In that case, hiring the best construction agency is very important so that we are going to get a quality and productive result in the end.

Contractors want perfect models; what they want and what we are contracted to do are different

Kokosing Construction Company is a large construction firm based in Ohio that primarily conducts highway projects for the Ohio Department of Transportation (Kokosing, 2009). Due to the nature of the projects conducted by Kokosing, the company’s pricing strategy is unique since the projects must first be won through bidding. Due to high competition and the nature of the projects, Kokosing essentially uses a cost-plus pricing strategy to determine their bids. Therefore, Kokosing has the ability to alter their price and profit margin for each project.

In construction projects, mostly the firms (in this case the firms become client) do not have the skills or develop skills inside the firms to undertake the projects due to amount of the projects should be conducted or the complexity of the projects (Reve and Levitt, 1984). Therefore, the economic decision to conduct the projects is to procure them to third parties. However, more commonly the client agonize the final quality of the projects will meet standard requirements. Thus, impacts to involvement of complex contracts of construction procurement.

The first stage allows the contractor to start the work followed by the second stage whereby a fixed price is negotiated for the contract. It can be used to appoint a main contractor early or as a means of appointing a specialist contractor early. It can also be used on a design and build project whereby an employer’s requirements are not expanded on enough for a contractor to come up with a realistic price. The first stage can be a ‘custom made’ agreement, a consultancy agreement or a pre-construction services agreement (PCSA). The early involvement of a contractor improves the construction and cost certainty of the project and for a more integrated project team, thus reducing likelihood of disputes. The second stage is a mathematical exercise. In two stage tendering, design risk is transferred to the contractor but the client can lose hold, as competition becomes less of a

The traditional procurement route has become one of the standard approaches in the construction industry since the 19th century. The key characteristics of a traditional procurement route with a competitive tender process are competition or tendering cannot start until the design process is complete, the designing process is separate from the construction process and the lack of contractor involvement in the design process, with the design and technical development being carried out by the clients consultant. (Cartlidge, 2013).

Contractors, consultants and clients who engage in partnered construction projects in Hong Kong, are surveyed to compare from their diverse perspectives, expectations relating to targeted building project criteria. The differences between the measured results and the performance expectations of the various participants are all analyzed with the goal of promoting more research to ameliorate Hong Kong’s building industry. A research model is built to measure nine carefully selected construction project objectives to the actual results, and questionnaires are designed to compare the

There however are challenges in the industry occasioned by uncertainty on future spending on construction projects by the government. Moreover, the cost of doing business and the ability to increasingly make revenue have created a challenging environment for the construction firms. Therefore stakeholders in the construction industry are concerned with whether the government would increase its spending and whether the public construction projects will be available in the future since less than 10 percent are currently financing their clients.

To select a suitable procurement strategy for a construction project, there are some issues which need to consider. From all of those issues, there are 3 big issues that mainly affect the selection decision which are time, cost and quality. There is several type of procurement strategy available in market that commonly used for construction project and each of the common method will be analyze and compare to find the most appropriate method for this project. The choice of procurement strategy is very important to the success of a construction project. Therefore, the characteristic of each strategy have to analyze and also its relative advantages and disadvantages. A recommendation of most appropriate procurement

When choosing a type of procurement it is based on the clients experienced and knowledge of construction that the client has and there requirements. Once this has been decided then the relevant contracts can be drawn up outlining the relevant responsibilities shared and risk taken into consideration and also meeting the correct legislation and the Housing Grants, Construction and Regeneration Act 1996. With regards to the Housing Grants, Construction and Regeneration

The competition of bidding in DB is lower than in traditional DBB mode so that the schemes may not as good as DBB’s. The cost for bidders’ preparing is a little higher and it is hard to guarantee that it is fair to select the contractors. DB entity takes responsibilities for the design so that if there are some serious changes or mistakes, it would be a little hard to adjust. If the owners reduce the control to the project, some unexperienced DB entities would make subjective mistakes. DB entity is easy