Overlapping design and construction phases of a project is an example of _____ u

Question

Overlapping design and construction phases of a project is an example of _____ used to shorten the overall project schedule. A ____ limits an owner's financial risks by capping contractor fees in a cost plus a fee contract. In _____ construction, construction work does not begin until all design work is complete. _____ owner/contactor agreements are well suited to projects where the full scope of construction work is not yet determined at the time of agreement. Profit sharing is one example of an _____ used to bring the interests of the contractor and owner into closer alignment. In _____ project delivery, an owner does the following, in sequence: contracts with a design team, completes design of the facility, bids the construction work, hires a contractor, and completes construction. When the scope of work is well defined, an owner may use a ______ construction agreement so as to begin construction with an established total cost. In _____ project delivery, design and construction are performed by one contractual entity, and the traditional boundaries between design and construction are less distinct. Explain briefly the distinctions between design/bid/build, design/build, and single-purpose entity project delivery methods.

Explanation / Answer

1. Fast tracking

2.cost reimbursement

3.design -bid- build

4.unit price

5.internal revenue system

6.multi prime

7. Lump sump or fixed price

8. Design build

9. (A). Design/bid/build- it involves three sequential phases.which requires the services of a designer who will be the "designer of the record" for the project.The bid phase,when a contractor is selected and build or construction phase,when the project is built by the selected contractor.This sequence usually leads to a sealed bid , fixed price contract.

(B). Design build- This method of project delivery includes one entity (design-builder) and a single contract with the owner to provide both architectural design services and construction.

(C). Single purpose entity project delivery - In this,the owner contracts directly with separate specialty contractors for specific and designated elements of the work,rather than with a prime contractor for whole project.

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