| Topic : Planning for construction cost escalations.. |
|
|
Construction Planning & Management |
Civil Engineers |
Architecture |
5 more ...
|
Activity:
93 views;
last activity : 07 06 2010 20:18:09 +0000
|
|
|
|
1
Pick a contractor with strong preconstruction services.
2
Involve your contractor early in the process.
3
3 ideas
4
Make sure of a proper relation between designer and the contractor
5
Cost escalation clause
6
Proper Planning
7
Sound decision making
8
6 . Freeeze all your plans & requirements
9
See dishes for dinner
|
||||||||||||||||||||||
|
|
Preconstruction is responsible for setting costs, scheduling, and determining alternative methods Also, if there are materials that are about to rise in cost, your CM/GC can order early to lock in a lower price. Additionally, it is in the preconstruction phase where your schedule is reviewed to identify if a possible shortening or shifting will enable you to realize additional savings. |
1
|
1. The contractor you pick must have the ability to enter in to supply agreements where he can fix the prices by guaranteeing the quantities on the project.
2. They should have some reasonable amount of storage on site so that he can provide material and keep to planned schedule.
3. He should have a site supervisor who is very conscious of wastage and goes out of the way to prevent it.
4. The contractor must work with the oweners to collect payments on time so that points 1 and 2 can work out well.
5. In case of a contractor dealing in large projects, he should have the links to deal directly with the source of the material he needs and he must also have a go-down where he can store the amounts long term and despatch them to his sites on demand.
|
Many projects are set forth with an under-funded budget. You need to have accurate, real-time costs and data to properly prepare a budget for a project. Too often, budgets rely on dated or inaccurate information. This is why it helps to bring a contractor in early on. While owners, architects and contractors all work together as a team, architects naturally have more control over design, while contractors have more control over costs. The earlier you bring all parties together, the less budget problems you will have later down the line. |
1
|
One of the major problems in construction projects is the poor communication between the various stake holders and the project sponsors. Issue escalation and risk mitigation plans need to be understood and accepted as a process to expedite decisions to meet cost and time line budgets of all activities. Therefore the contractor in isolation is seldom able to help in any divergence in project schedules unless the purpose of the project is accepted and becomes a shared responsibility for all the stake holders of which the contractor is a critical link.
|
1. Understand your application and communicate priorities clearly. 2. Be complete in your planning and design concepts. 3. Perform pre-installation testing to work out bugs before going "live". |
0
|
|
Uless you achieve this, there'll always be a blame game.
|
0
|
|
|
If a very volatile market for component of project is expected thent cost escalation clause should be included in the contract to avoid any dispute during execution of contract. |
0
|
|
|
Properly Plan the availability of Manpower and materials.
|
0
|
|
The prices will increase.No project or proposal can be shelved because of spiraling prices.The best option is to roll out the project and make it that decision making cell is stronger.This is the only Grey area where the owners must pay attention as he has to pay through his nose. |
0
|
|
Plan good. Freeze all your requirements and budget within time frame. Avoid un necessary changes. |
0
|
|
I always tell my client: AS WITH ANYTHING！YOU GET WHAT YOU PAY。 Good vision and grasp。 |
0
|
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
|
|
With both cement and steel producers hiking product prices, property prices are set for a big... |
|
|
166 referals
17 votes,
1756 views
|
|
|
There was an article from Economic times which I follow most of the times, and today there was... |
|
|
546 referals
46 arguments,
3380 views
|
|
|
Yes vs No |
|
|
212 referals
10 arguments,
221 views
|
|
|
|
|
|
|
|
|
When we are watching news channels or any other channel or reading news papers you bump upon... |
|
|
2022 referals
11 votes,
200 views
|
Museums are the places where we can see the heritage and museums in themselves are archaeological marvels. But recently we have seen HC saying nobody goes to the museums. Click here to read the article Is constructing museum now something stupid?... |
Ban on plastic bags part 2! |
Almost $1trillion will be used in the upcoming years for improving the roads, ports, railways and other core sectors in India, said President Ms Pratibha Patil. She has also invited investments from South Korea and other nations into the Indian... |