71. Fast-track building construction is construction industry jargon for a
project delivery strategy to start construction before the design is
complete.
The purpose is to shorten the time to completion
72. BENEFITS
Shorter schedules are desirable for
reasons that vary with building owners
reduce a manufacturer's time-to-market
need to reduce overcrowding
new home for a family sooner
reduce the cost of construction financing and reduce overhead costs
reduce the impact of inflation during construction.
Fast-Track is more difficult to manage than the traditional design–bid–build process. It requires
detailed knowledge of the process, effective planning, integrity and close coordination among the
organizations executing the work.
73. RISKS
The final cost of the project is uncertain when construction begins because design is not complete
Traditional design–bid–build process
Set of construction documents and specifications are incomplete
The contract may include a cost estimate with no guarantee or there may be a Guaranteed
Maximum Price (GMP).
Work built in an early phase of the project may not suit later design decisions.
building shape changes
the foundations
increased cost and delay to modify
Equipment's modernizations
The interpretation of the design
The contractor and the owners opinions
