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Contract Management Concepts Assignment

   

Added on  2020-04-07

13 Pages2893 Words102 Views
Running head: CONTRACT MANAGEMENT CONCEPTS1Contract Management ConceptsStudents NameInstitution Affiliation

CONTRACT MANAGEMENT CONCEPTS2Project delivery methodsA project delivery method entails organizing and financing the design, operations, construction, operations, and maintenance services of a particular structure by entering into legal agreements with one or more parties. (Ballard, 2008). This system is commonly used by an agency or a particular owner. There are various types of project delivery systems which are more preferable, however the choice of a particular project delivery system will depend on some factors such as the ease of the design, desire of the design flexibility during the process of construction availability of suitable project managers with suitable balance sheets, political considerations, and budget constraints should also be put into consideration. (Ballard, 2008).The different types of project delivery systems include the fixed price contract, the cost-plus contract, the design and construct contract, project management agreement, managing contractor contract, warranted maximum price contract and build own operate transfer contract. At the beginning of the project, the choice of a particular project delivery system is made. Among the above examples of project delivery I prefer is the cost-plus system. It is one of the best project delivery systems because in this system there is no risk of as to cost for the contractor (Bingham, Asmar & Gibson, 2016).The project delivery method includes the Design-Bid-Build (DBB) it is also known as theDesign- Award-Building (DAB), the Design-Build (DB) or the Design-Construct, the Design-Build-Operate-Maintain (DBOM), Build-Operate-Transfer (BOT), the Integrated Project Delivery and the Public-Private Partnerships.

CONTRACT MANAGEMENT CONCEPTS3In this project, I, therefore, recommend the Design-Build method as it has the highest score and it seems to be a big project therefore seamless communication is very important for theproject success while working with a very complex and a complicated project team involving multiple organizations. The design-build method allows phased-construction this method can also shorten the given project duration (Cardenas, 2016).The project characteristics:The Design-Build method has the following characteristics1.Project delivery speed(45%) the speed should be at this given speed since it has to be delivered before the end of 20172.Cost control- (27%) been a public project cost control is very important in order to avoid the media attention. 3.The builders are assigned with the responsibility to monitor and control all quantities of work related to their approaches by the Building Company. Some of the contract types provide the contractors with more incentives to approach quality work.4.The pitch construction project is worth risk sharing as it involves a major undertaking anddifferent parties are involved therefore the contractor and the owner share risk.Project Delivery SpeedIn a traditional delivery method in this method, work tends to be very slow.If any changes are made the work tends to delay also during the process of submissions the process delays even more. There is no applause for overlapping of design and construction.Design-Build this method allows the contractor to design as the construction goes on thusallowing faster construction.

CONTRACT MANAGEMENT CONCEPTS4The CM risk offers the ability to overlap some portions of work this only happens through phased construction together with the ordering of long lead times.The seamless communicationIn traditional delivery method due to different entities coming together who might have never worked together before led to being given a very low score of. There are different ways in which each firm do their staff like running meetings, perform reviews and communicate can be an obstacle to seamless communication. These issues are mostly in this project delivery system but they can be overcome.The design and build method put together a team which might have worked before together. It brings together a group of architects, builders, and contractors leading to smooth working.When a construction manager is at any risk he will try to use the people whom he had already established a relationship with before like the contractors. The construction manager tries to provide leadership for the entire team.Cost controlIn the traditional method, scores are high because a tight cost control is set the construction and design are set upfront but unseen site conditions may cause the change of orders and prices escalating.Design-construct methodThis method does not show their costs upfront making the government become worried about approving of money if there is no idea of how costs go up.CM Risk

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