Stadium Contracts

A basic definition for the procurement is “the way the building is realised” and “involves assembling and organising the skills and services of a team of construction professionals”. (the Construction Round Table, 1995). More precisely, the construction industry describes procurement as “a system that establishes the roles and relationships which make up a project organisation”; hence the overall organisation and communication structure for the management, administration and control of a project is established by the procurement system. (D.C.H Coles, 2010)

In this method, the design and the construction roles are combined into a single responsibility and the team is referred to as the Design Build Contractor. The architect is under contract to the contractor and not the owner. The advantages of this method are that the owner is dealing with one contract for the design and construction and does not get involved in the details of the design and construction. The design can be accomplished according to the budget and easily be changed if necessary. Since the maximum price is set in an early stage, this method is faster than the design-bid-build and the construction manager method. However, there are drawbacks to this approach. Since the architect and contractor report to the design/build firm, a conflict is created between the owner and the design/build firm. Also, as the design and construction roles are part of the same team, this can lead to a disadvantage. As the owner is no longer dependent on the architect, the architect’s judgement is no longer provided to the owner and this leads to quality control problems. (what I think if this is the best method or

Each of the procurement strategy has its own advantages and disadvantages. In order to get the most suitable strategy for this particular project, it is necessary to look for the background of the project. Other than that, the appropriate type of tendering also has to be select for this construction project. Both procurement strategy and

A very recent example we can see of stadium bargaining is with the Los Angles Rams. It has been a popular practice to threaten to move an NFL team to Los Angles ever since they lost their team in 1994. Since 1994, there have been twenty proposals by NFL teams threatening to move in order to get stadiums publically financed (Wickersham, Natta, 2016). The St. Louis Rams were no different, they wanted to get as much money as possible from St. Louis even though the city had been going through tough economical times (Wickersham, Natta, 2016). Rams owner Stan Kroenke had a clause built into his contract with the city that said if the Rams’ stadium ever fell below the top tier of stadiums in the NFL they would get the public support of building a new stadium (Wickersham, Natta, 2016). The problem was that Kroenke had his eyes on a stadium much larger than a top tier NFL

Procurement intends to explore supply market opportunities and to implement resourcing strategies that deliver the best possible supply outcome to the organization, its stakeholders and clients (Kidd, 2005). Therefore, construction procurement exists to purchase a construction project as requirement of firms or organizational entities to achieve its goals. However, the choice to use external resources is the part of firms’ decision-making

Each of these five projects presented different challenges throughout the design and construction phases, including the fact that all but two of them were different structure types. Similarly, due to the competitive public bidding process, each project was awarded to a different contractor. Despite the variations in these projects and the uncertainty of working with five separate contractors, all projects were completed on schedule and under budget.

Due to the economic specialization, a new method named The Design Build Project Delivery Method has been developed. This method is found as the best alternative for delivering the public projects (Design-Build E ffectiveness Study, 2006). As per the position of the design professional, the design build project delivery methods are suitable for the delivery of the projects. The use of this method has become widespread in the recent times. Due to this much of application of this method, the need of the project designers is much to be involved in the development of the projects to ensure

Construction projects are always unique and risks raise from a number of the different sources. Construction projects are inherently complex and dynamic, and involving multiple feedback processes. A lot of participants – individuals and organizations are actively involved in the construction project, and they interests may be positively or negatively affected as a result of the project execution or project completion. Different participants with different experience and skills usually have different expectations and interests. This naturally creates problems and confusion for even the most experienced project managers and contractors.

Until the mid-nineteenth century, the common method of design did not change at all. Architects & Engineers used simple tools (pencils, tracing paper and ruler) to define their buildings. However, with advances in maths, computing, technology the design and the building materials changed and improved rapidly. (Yan and Damian, 2008). This is when the first hypothesis about how to improve the project management appeared. The initial studies of the construction industry date from the 1940s e.g. Simon, Emmerson in

HOW TO BUILD A SMARTER PROCUREMENT IN THE CONSTRUCTION INDUSTRY CONTENTS 1 Introduction5 1.1 Meaning of Procurement 5 1.2 Procurement Supply Chain management 6 1.3 Procurement supply chain in construction industry 6 2 How is procurement important in the construction industry?........................................... 7 2.1 Size of industry 7 2.2 nature of construction industry 8 2.3 Importance of procurement systems 8 2.3.1 Converges cost reduction towards site activities 9 2.3.2 Share the risk throughout the supply chain 10 2.3.3 Information dissemination 11 2.3.4 Supplier relationship management 12 2.3.5 Product Diversification 13 3 What are the factors affecting the process of procurement?..............................................14 3.1 meaning of procurement process 14 3.2 Construction Procurement Process Framework 15 3.3 Factors that impact the procurement process 16 3.3.1 Time 17 3.3.1.(1)

Design and build is a generic term describing a procurement route in which the main contractor is appointed to design and construct the works, as opposed to a traditional contract, where theclient appoints consultants to design the development and then a contractor is appointed to construct the works.

In addition, there are theoretical or conceptual studies do not exist for general use. That is the goal of many textbooks construction management is subjective describe management and control of specific technology and construction projects instead of doing architectural concept

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.

The construction industry is considered as one of the most complicated industry in the world. Different problem could be raised during the construction process starting from the bidding phase and ending with close out phase. During that time, the construction managers will be responsible to take many of the critical decisions to minimize the influence of a specific event. Quality in the construction industry occupying a high priority among other characteristics. In fact, providing the ultimate product/service quality to the customers in the construction projects could be very challengeable because two main aspects represented by cost and time will be contributed with the final project quality. In fact, the construction

Typically, in the construction industry many resources are drawn into a complex building project. Clients, financiers, government, architects, engineers, project managers, consultants and other stakeholders each play a part in producing the end product. However, their interests are varied and can be at cross-purposes. This typically results in a fractured and disjointed approach to building.