Project Management : Development Appraisal And Economics

3568 Words15 Pages
BSC (HONS.) IN CONSTRUCTION PROJECT MANAGEMENT Construction Procurement Advisement SMRC Corporation, New Research Facility, Sligo Ireland G2 Consultants G.J. GERARD S00135023 12/1/2014 Module: Development Appraisal and Economics Lecturer: Leigh McLoughlin The purpose of this report is to summarize and analyze the various construction procurement methods used in the construction industry. This report was commissioned by SMRC medical research corporation. This report will identify a recommended method to the commissioner for the development of their new research facility. Table of Contents 1.0 INTRODUCTION: 2 1.1 Project Brief: 2 2.0 PROCUREMENT SUMMARY AND ANALYSIS: 3 2.1 Procurement Methods versus Project Cost 3 2.2 Procurement Methods 4 2.2.1 Traditional or Design-BID-Build 4 2.2.2 Design and Build 5 2.2.3 Management Contracting / Construction Management. 6 2.2.4 Public – Private Partnership (PPP) 7 2.2.5 Private Finance Initiative (PFI) 8 2.2.6 Framework Contracting 9 2.3 Integrated Project Delivery (IPD) in construction procurement. 9 3.0 SUMMARY CONCLUSIONS and ASSUMPTIONS 10 Item 3.1 – Ownership. 11 Item 3.2 and 3.6 – Budget and Financing 11 Item 3.3 and 3.4 – Quality of Design - Innovation 11 Item 1.5 - Time Frame – Development Schedule 11 4.0 PROCUREMENT RECOMMENDATION AND RATIONALE 11 REFERENCES 13 1.0 INTRODUCTION: G2 Consultants (GJ Gerard) were retained by the Sligo Medical Research Corporation (SMRC) to execute a detailed
Get Access