MAN6CMC Commercial Management in Construction
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Commercial Management in Construction (MAN6CMC)
Added on 2020-04-21
MAN6CMC Commercial Management in Construction
Commercial Management in Construction (MAN6CMC)
Added on 2020-04-21
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Running Head: BANK REDEVELOPMENT BANK REDEVELOPMENTStudent’s Name:Institutional Affiliation:
BANK REDEVELOPMENT 2IntroductionA redevelopment plan, though a costly venture, is done when the benefits outweigh the drawbacks[ CITATION Har12 \l 1033 ]. However, there are various considerations put in place to ensure that the project is in line with the safety requirements as well as the regulatory requirements put in place by the law. As per the redevelopment of the bank, the main concern is to increase the office space because of the increase in the economy around the locality. The building remains the headquarters of the bank but more to this, there is a likelihood of the increased occupancy of the building. Therefore, the redevelopment will need to ensure that there is a proper and sustainable use of the space around the CBD.Moreover, during the reconstructionand the redevelopment stage, the bank needs temporary headquarters and a space to continue with its activities and this can basically be ensured by proper planning prior to the redevelopmentphase.One major aspect of the redevelopment is the mutual agreement between the bank and thecompany. There is bound to be mutual gain between the two organizations with each contributing a substantial share in the redevelopment. Agreements, as well as contracts, stipulate the various roles that each of the shareholders in the plan will play[ CITATION Tur08 \l 1033 ]. As per the bank, the costs incurred will be on the on the architectural designing of the building, with the other costs and planning done by the property development team. The remaining part will be played by the construction company. Finally, when all is said and done, the bank will retain the rights associated with the new building with the other parties playing, minor, but significant roles
BANK REDEVELOPMENT 3in the building ownership. All this is entrained in this report: the redevelopment entities and the necessary recommendations that may be associated with this agreement.Contracts in the redevelopmentTo begin with, there are various factors that need to be taken into consideration for the redevelopment of the property. However, because am in the position of a commercial manager inthe construction company, which basically means the position that overlooks the construction management process, all this will fall under my wing. The design phase is one of the most underlooked, but yet the most important phase in the construction, or the redevelopment of any structural outfit. The bank manager has outlined and selected the company of his choosing on thearchitectural plans of the building. The plans need to be viable in the aspect of space as well as the costs to be incurred[ CITATION Env11 \l 1033 ].in this regard, an architectural plan that does not comply with the safety standards, as well as the structural functioning of the building, is basically a waste of resources[ CITATION Low08 \l 1033 ]. Therefore, the plans brought forth shouldhave an opinion of the contractors and as a matter of fact, the property development team in it. All this is to make sure that the workability of the plans is relatively easy and the costs incurred are not that exorbitant. This process basically requires bidding but as in our case, this is already done selectively.The architectural planning stage is an intricate one where there is the need for contractualagreement[ CITATION Low08 \l 1033 ]. In the agreement between the bank owner and the architectural firm, some of the things that need to be discussed, and thereafter put on paper
BANK REDEVELOPMENT 4include: a decrease in the risk factor associated with the proposed structural drawings[ CITATION OBr08 \l 1033 ], the control over the performance[ CITATION Jon09 \l 1033 ], costs and the standardsof the building[ CITATION Mil08 \l 1033 ], the viability of the plans in relation to a changing work environment[ CITATION Dew07 \l 1033 ] and generally value for the money put into the project.In line with my work position as the commercial manager of the construction company, the aspect of bidding falls under my wing. There are basically two types of bidding processes that any construction process entails: a closed bid and a closed bid (IACCM, 2013). Since the redevelopment is, to a large extent, part of our plans, the bidding needs not to be done. Closed bids are reserved for projects which are basically privately owned[ CITATION Rya09 \l 1033 ]. The bank manager has been selective in the bidding process in which case he has selected our particular company for this specific job. As a matter of fact, the bidding process has been reduced to just an agreement between the bank manager and the managing director. Moreover, there is no selection of the type of the work contractor based on the type of agreement. The contractor, as well as the client, are all under one umbrella of our organization.Considering that there is no selection of the contractor on the basis of the type of contract, we as the company have the right to practice the work ethics on the basis of the best value selection[ CITATION Sch08 \l 1033 ]. In this, the bank manager has delegated all the responsibilities of the redevelopment process on the property management by basically combining the qualification requirements and the best price.Both the property redevelopment branch and the construction branch are under one roof and as such, the work is an internal affair. Our expertise in the construction, as well as the
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