Project Deliver Systems
Answer:
Introduction:
There are several huge construction projects initiated in last few years. With the consistent development in economy and improved life style of the Australian citizen increased the demand of more improved infrastructure and as the construction project are important for the infrastructure development thus, the demand of construction project is also increased. In order to deliver a successful project, the project management methodologies help in accomplishing the objectives of the construction project (Sacks, 2013). There are several project delivery models, which are selected as per the need of the project and this help in delivering the project within the predefined time frame for the construction project. One of the vital ongoing projects of the country is Yagan Square. The construction of the project has been started in the center of Perth’s CBD in February 2016. The project will be one of the most popular communities, assembling as well as celebration set up of the city.
Contract Types in Infrastructure Projects
In the part of the contract types related to the infrastructural project, the construction of the contract plays a vital role in the provision of protection for the price escalation with the appropriate construction of the protection of the contract. In this case, the latest infrastructural case study of Yagan Square construction in Australia represents the infrastructural project that determines the contract types with the consideration of the contract with the representation of the drawings with the consideration of the protection of the inflation.
Price, Cost and Time
The framing of the price cost and the time are the three most crucial factors that helps in analysis of the construction with the creation of framing in the case of the infrastructural projects considered. The cost and the price with the time factors are seemed to be fixed in the case of the construction of the limited responsibility and thereby it also helps in the creation of the responsibility for the contractor to maintain the specific time with the consideration of the contract rules (Anon, 2016). It also helps in the consideration of the contract with the creation of the significant rules and henceforth with the violation of the contract, the significant risks of the failure of the contract with the price takes place. The contract risks also helps in the agreement of the milestone with the consideration of the specifications and thereby the responsibility also helps in the creation of the undertaken contract solely by the contractor.
Fixed Price Contracts
The fixed price contracts are defined as the contracts that are performed under the consideration of the lump-sum fees for the appropriate fulfilment of the type of the fixed price contract for carrying out the infrastructural project. It also helps in the enhancement of the agreement of the contract with the consideration of the estimated cost that is seemed to be requisite for the areas of the construction management and the types of the services provided (Anon, 2016). The construction of these types of the contract helps in the consideration of the project and thereby the mitigation of the risks factors related to time and the costs is seemed to be reduced with undertaking the various design-build contracts. The appropriate testing of the materials are also requisite in order to mitigate the risk factors regarding the price and thereby the overall project management is generally considered with the consideration of the price infrastructural project of Yagan Square construction in Australia.
Cost-reimbursable Contracts
The cost reimbursable contract helps in the compensation of the contract made by the contractor for the project which incurs some amount. All the overhead charges with including the equipments and the materials for the construction helps in the inclusion of the management of the materials that are seemed to be requisite and thereby the construction in this part of the contract includes three different types of the contracts that are cost-plus percentage, cost-plus fixed fee and the cost-plus fixed fee plus the incentives (Bolinger and Wiser, 2006). It also helps in typical tracking of the project and thereby it also helps in the consideration of the scope and the specifications of the projects with the expectation of the high costs and the scheduled risks. The operation of the company is seemed to be assumed by the entitlement of the risks incurred with influence created by the outcomes of the project of Yagan Square construction in Australia (Zhang, Zhang and Zhang, 2013). Thereby the additional performance of the control of the project helps in the consideration of the interfaces with the management of the operators and the reduction of the incentives helps in the decrement of the overall costs of the project.
Time and Material Contracts
This contract model is used during the model created by the service providers and thereby the consideration of the requirements of the project scope and the degree of the coverage. With the consideration of these two factors the consideration of the time, the response for the construction of the requirements are provided carefully with the consideration of the project scope and the clearance of the product (Studyperth.com.au, 2016). The mechanisms with the appropriate communications are also achieved appropriately during the consideration of the long term projects. Henceforth the rate of the relevant skill sets are equally considered with the changing of the project demands and thereby the entire project duration including the scale of the materials are adjusted for the appropriate implementation of the project management methodologies.
Delivery Models
He project delivery is a widespread procedures comprising planning of project, making design of project and constructing the project. There are several project delivery models which help in accomplishing the goal and objectives of the undertaken project, thus, it is essential to select appropriate method or model of project delivery so that the undertaken project can be successfully accomplish its deliverable objectives (Teng, Wu, Zhou, Zhao, & Cao, 2012). Deciding on the appropriate project delivery method is one of the vital tasks and most vital decision by the project manager of a construction project. Selection of the most appropriate process for any construction project initiates with a better understanding of the choices available for the project delivery. The project manager should have superior grasp of the each delivery process and should be capable to mitigate the impact of the delivery model. The reason is that the delivery model establishes while the parties or the stakeholders of the project become involved, it influence the selection of the contractual association. Besides this, it influences the ownership as well as impact of the alteration and modification of the undertaken project cost (Oliver, 2012). The entire delivery system of a construction project includes three parties, which are subsequently the owner of the project, the designer of the project and the contractor of the project. It is vital to select a delivery model that best accomplish the unique requirement of every single owner along with their project.
References
Anon, (2016). [online] Available at: https://www.dbia.org/resource-center/Documents/project_delivery_systems_smartreport140806.pdf [Accessed 14 Aug. 2016].
Anon, (2016). [online] Available at: https://www.fefpa.org/pdf/summer2007/Pros-Cons-handout.pdf [Accessed 14 Aug. 2016].
Bolinger, M. and Wiser, R. (2006). Comparison of AEO 2007 Natural Gas Price Forecast to NYMEX FuturesPrices. Berkeley, Calif.: Lawrence Berkeley National Laboratory.
Studyperth.com.au. (2016). Major projects in Perth | Study in Perth, Australia. [online] Available at: https://studyperth.com.au/your-future-perth/major-projects-perth [Accessed 14 Aug. 2016].
Zhang, R., Zhang, Z. and Zhang, J. (2013). LISS 2012. Berlin: Springer.
Oliver, J. (2012). Knowledge requirements for capability development in complex project delivery.Construction Management And Economics, 30(8), 702-703. https://dx.doi.org/10.1080/01446193.2012.690071
Sacks, R. (2013). Modern Construction: Lean Project Delivery and Integrated Practices. Construction Management And Economics, 31(4), 394-396. https://dx.doi.org/10.1080/01446193.2013.763999
Teng, J., Wu, X., Zhou, G., Zhao, W., & Cao, J. (2012). Study on Integrated Project Delivery Construction Project Collaborative Application Based on Building Information Model. AMR, 621, 370-374. https://dx.doi.org/10.4028/www.scientific.net/amr.621.370
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