Assignment Construction Management

Added on - Mar 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 11 pages
Running head: CONSTRUCTION MANAGEMENTConstruction ManagementName of the Student:Name of the University:
1CONSTRUCTION MANAGEMENTTable of ContentsIntroduction......................................................................................................................................2Part A: Project preliminaries costs..................................................................................................2Section A1: Importance ofaccurately identifying and pricing cost-significant preliminaries tomaximise chances of winning a tender........................................................................................2Section A2: Priced preliminaries bill for the identified cost-significant preliminaries items forthe given project..........................................................................................................................5Conclusion.......................................................................................................................................9References......................................................................................................................................11
2CONSTRUCTION MANAGEMENTIntroductionThe report is based on Bill of Quantities (BOQ) for a new two storey brick building withconcrete tiled roof consists of two apartments. The location of the construction of the building isat 52 box road, East Hills. The type of contract is basically based on Australian GeneralConditions of Contract. BOQ consists of bid process of entire project comprised of estimation ofcost, tendering, opening of tender for the project as well as award of contract (Cunningham2016). Proper cost estimation helps to determine feasibility study of given project and facility forprocurement procedure of the project work. It helps to plan the finances needed for successfulproject completion. From the perspective of the contractors, proper cost estimation helps toprepare a bid for work and facilitate resource arrangements for evaluation as well as execution ofthe work.This particular report summarizes the importance of identification and pricing of costsignificant preliminaries in order to increase chances of winning the tender of the East Hillsproject. It also analyzes the priced preliminaries bill for the cost significant preliminaries itemsfor the provided project. From the tendering review, importances of the description of BOQ andin addition to its effects are highlighted throughout the project example.Part A: Project preliminaries costsSection A1: Importance ofaccurately identifying and pricing cost-significantpreliminaries to maximise chances of winning a tenderJayaraman and Jayaraman(2016) stated that the employer are selected the contractorbased on lowest bid criteria. A lowest tendering price is a key significant way to win a tender.
3CONSTRUCTION MANAGEMENTSeymour(2017) analysed that selection of lowest bid is not required to reflect true cost of theproject work. Tender pricing is a major part to prepare of BOQ. In the given project, costestimation is done for experienced workers such as sub-contractor those are specialized intobuilding construction. The pricing cost significant preliminaries are done to have costinformation based on interaction with the suppliers (Cunningham 2015).Tender price is takingprice information throughout quotation for the suppliers as well as sub contractors. Thisparticular project is a government project which provides higher quality and specializes into typeof construction they go for quotations (Fichtner and Michel 2016).The success of contractor forobtaining of contract is based on quality of the quotations received for the materials and items tosubcontract. It is also required to have competitive prices at the time to prepare the estimation ofcost. Standard procedures are being established to the responsibilities of the person those are tocarry out the bid functions as well as negotiations that rose (Abas 2017).The list of the items forwhich there is requirement of quotations is being established with comprehensive assessment ofthe contracted documents.The contractor submits a tender for the project which sets out experience of theorganization to undertake the building construction project, their proposed approach andestimation of cost to undertake the project (Larson and Gray 2013).In order to win a contract, aproper tender documentation is required for the project. Into the construction environment, thecontractors are tendered low for the elements like preliminaries as well as earthworks to win ofthe contracts. However, prediction of low bid is a difficult task for the given project. Into theproject, lower bid is awarded the contract, then it is suggested that predictions of lower bid isproper for winning the tender.Peng, Ding and Yu(2016) mentioned that bidding performance isanalysed by design estimators. The quality of advice offered to the client is improved if the
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access