A Lump Sum Contract is a legal contract where the contractor promises to complete the whole project at a pre-agreed price. Here the focus is on the completion of the whole project and not on the smaller tasks.
To know more about it, click on the link given below:
https://efinancemanagement.com/costing-terms/lump-sum-contract
Construction Project Management is an important subject to learn in Civil Engineering.
Significance • As construction involves various activities starting from the design and planning to project completion and quality check, there is a exorbitant need for Management of construction. • Construction Industry plays a crucial role in the economy and development of a nation.
4. Objectives To complete the project in specified time and with allocated budget. To Plan and schedule the work and distribute between various departments. Deployment of personnel in Different tasks. To achieve High quality workmanship. Creating an organisation that works as a team. Using the limited available resources and producing maximum output. Providing safe and satisfactory working conditions for all personnel and workers.
5. Functions: Planning & Scheduling Organizing Staffing Directing Controlling & Co-ordinating
6. Stages of construction Briefing Designing Tendering Construction Commissioning
7. 1) Briefing Stage • This stage consists of framework required for the construction work to take a shape from the ideology of client and feasibility of Project which involves architects, engineers and project manager.
Objectives Developing Alternatives Feasible Solution ? Evaluation of Alternatives Report & Recommendation Technical and non technical Investigations
8. 2) Designing or planning Stage Prepare construction schedule Prepare final cost estimate Prepare Working Drawings and specificati ons Prepare scheme and detailed designs Soil investigations, Topographic investigation, material supply and market surveys etc Carry out Technical Investigations Final adoption of the most suitable summary Finalize Project Summary
Types of Contract in Construction ManagementShahin MB
Types of Contract in Construction Management
Lump Sum Contract
Cost plus Fixed fee
Cost plus bid fee contract
Guaranteed Maximum
Negotiated
Unit price Contract
Design build
turn key contract
A Lump Sum Contract is a legal contract where the contractor promises to complete the whole project at a pre-agreed price. Here the focus is on the completion of the whole project and not on the smaller tasks.
To know more about it, click on the link given below:
https://efinancemanagement.com/costing-terms/lump-sum-contract
Construction Project Management is an important subject to learn in Civil Engineering.
Significance • As construction involves various activities starting from the design and planning to project completion and quality check, there is a exorbitant need for Management of construction. • Construction Industry plays a crucial role in the economy and development of a nation.
4. Objectives To complete the project in specified time and with allocated budget. To Plan and schedule the work and distribute between various departments. Deployment of personnel in Different tasks. To achieve High quality workmanship. Creating an organisation that works as a team. Using the limited available resources and producing maximum output. Providing safe and satisfactory working conditions for all personnel and workers.
5. Functions: Planning & Scheduling Organizing Staffing Directing Controlling & Co-ordinating
6. Stages of construction Briefing Designing Tendering Construction Commissioning
7. 1) Briefing Stage • This stage consists of framework required for the construction work to take a shape from the ideology of client and feasibility of Project which involves architects, engineers and project manager.
Objectives Developing Alternatives Feasible Solution ? Evaluation of Alternatives Report & Recommendation Technical and non technical Investigations
8. 2) Designing or planning Stage Prepare construction schedule Prepare final cost estimate Prepare Working Drawings and specificati ons Prepare scheme and detailed designs Soil investigations, Topographic investigation, material supply and market surveys etc Carry out Technical Investigations Final adoption of the most suitable summary Finalize Project Summary
Types of Contract in Construction ManagementShahin MB
Types of Contract in Construction Management
Lump Sum Contract
Cost plus Fixed fee
Cost plus bid fee contract
Guaranteed Maximum
Negotiated
Unit price Contract
Design build
turn key contract
Contracts provide a legally-enforceable framework for guiding any and every type of business relationship, from employment agreements to orders for parts and supplies. While these agreements are key to guiding business relationships and ventures across all sectors, getting contracts right is especially important within construction, where the ability to complete a build on time, on budget and to code hinges upon all vendor arrangements going as expected. From the builder’s perspective, contracts are also important for preventing scope creep and to reducing the risk of cost overruns they may unexpectedly have to absorb.
Construction management contracts encompass the work and/or materials required for a building project. Typically, they will address:
1)Project/deliverable specifications
2)Labor and material requirements
3)Timelines for completion/delivery
4)Compensation formula and amounts
While construction management agreements will typically include the above, they can be structured differently, with numerous types of contracts that are designed to best meet the needs of all parties under all sorts of different scenarios. Familiarizing yourself with the types of contracts that are typically in play within building projects is an important first step to optimizing all contract-related processes within construction management.
For our first ICI (Introduction to Industry) and ITD (Introduction to Drawing), in a group of six, we were to carry out a research on quantity surveyors and give a presentation about what is their job about and what they do.
In this presentation, the process of building construction is explained. It is mainly divided into pre-construction and during construction steps. Each and every step with it's importance has been well explained in this presentation.
Project Execution Plan for High Rise BuildingDavid H Moloney
The purpose of this presentation is to give an understanding of the Methods, Plant and Sequence to construct a high-rise building.
This presentation can be used to engage Stakeholders and to get the Site Teams commitment to the programme. Also can be used for Induction Training and as a way to capture and share knowledge.
Contracts provide a legally-enforceable framework for guiding any and every type of business relationship, from employment agreements to orders for parts and supplies. While these agreements are key to guiding business relationships and ventures across all sectors, getting contracts right is especially important within construction, where the ability to complete a build on time, on budget and to code hinges upon all vendor arrangements going as expected. From the builder’s perspective, contracts are also important for preventing scope creep and to reducing the risk of cost overruns they may unexpectedly have to absorb.
Construction management contracts encompass the work and/or materials required for a building project. Typically, they will address:
1)Project/deliverable specifications
2)Labor and material requirements
3)Timelines for completion/delivery
4)Compensation formula and amounts
While construction management agreements will typically include the above, they can be structured differently, with numerous types of contracts that are designed to best meet the needs of all parties under all sorts of different scenarios. Familiarizing yourself with the types of contracts that are typically in play within building projects is an important first step to optimizing all contract-related processes within construction management.
For our first ICI (Introduction to Industry) and ITD (Introduction to Drawing), in a group of six, we were to carry out a research on quantity surveyors and give a presentation about what is their job about and what they do.
In this presentation, the process of building construction is explained. It is mainly divided into pre-construction and during construction steps. Each and every step with it's importance has been well explained in this presentation.
Project Execution Plan for High Rise BuildingDavid H Moloney
The purpose of this presentation is to give an understanding of the Methods, Plant and Sequence to construct a high-rise building.
This presentation can be used to engage Stakeholders and to get the Site Teams commitment to the programme. Also can be used for Induction Training and as a way to capture and share knowledge.
CJM Construction Consulting is a unique global construction management and consulting firm that performs construction management, project estimating, energy efficiency & sustainability consulting, disaster recovery, contractor/supplier vetting, and facility condition assessment for a variety of high-profile clients. We perform general construction and high voltage project estimating and quantity take-off for construction projects and clients all over the globe.
1. Quantity Surveyor
INTRODUCTION TO CONSTRUCTION INDUSTRY
+
INTRODUCTION TO DRAWING
GROUP:
• CH’NG PHEI WOON(LEADER)
• CHRISTINA CHUA
• BOON LI YING
• ALISON TANG
• CHONG YI HUI
ASSIGNMENT 1
3. Definition of Quantity Surveyor
• Providing advices on
procurement, contracts and
project cost management.
• Work as consultants or be
employed by a contractor or sub-
contractor.
4. Quantity Surveyor Certified board
• The Board of Quantity Surveyors Malaysia was set up by an Act of
Parliament, i.e. Quantity Surveyors Act 1967 (revised 2002). The Board
consists of a President, a Registrar and sixteen (16) members appointed by
the Minister of Works, Malaysia.
• to approve or reject applications for registration or approval to practise
under this Act or to approve any such application subject to such conditions
or restrictions as it may deem fit to impose
• to order the issuance of a written warning or reprimand, the imposition of a
fine, suspension, cancellation, removal or reinstatement in accordance with
Part III and IV Quantity Surveyors Act
5. Scope of Work Handled by
Quantity Surveyors
• Cost Planning
• To help the design team to
keep within the budget from
start to the end of the project
• Preliminary Cost Advice
•Give practical advice on
comparative costs of alternative
layouts, materials, components
& methods of construction.
6. •Contractual Methods
• Advise on the best form of contract
for a specific project.
•Tendering
•Calculating the cost and risk to
tender for the project.
7. • Choice of Contractor
• Quantity surveyor makes recommendation
of contractors base on past performances
to the employers.
•Valuation of Construction Work
•Quantity surveyor evaluates work
carried out before making certified
payment.
9. Responsibilities & Tasks at
Different Stages of Construction
• Monitor cost at different stages of project.
• Certify payment and invoices.
• Negotiating disputes.
• Advising on budgets and costs.
• Giving advice for disputes on contracts.
10. Daily Activities
Construction starts…
• Feasibility studies of a project
• Roughly estimate what’s involve in the project
(Measurement of Sketches)
• Study architects’ and engineers’ plans
• Identify cost and overall budget
(Value Engineering)
• Final detailed estimate is prepared by Quantity
Surveyor and Architect
11. •During Construction…
• Provide flow of cash data
• Can access cost effects when change of project occur
•After Construction…
•Quantity Surveyor prepare
statement of final account
(Records actual cost for all
sections of job)
12. Stages that involve in cost planning during
design and construction
Tender
Reconciliation
Comparing tender price
with final cost
Post-Contract Cost
Control
Controlling cost at different
stages of construction
Preliminary Estimate
Using research market price to
estimate
Cost Plan
Calculating project cost
according to elemental
analysis
Cost Check
Evaluating the work
done according to
cost
14. Preliminary Drawing
• A rough design with less detail
• Estimate the budget of a project
• Can be used to prepared cost plan
15. Tender Drawing
• A complete design with full details by Architects
and Structural engineer
• Comprise of architectural and structural drawings
• Can be used to prepare Bills of Quantities
20. Quantity Surveyors ‘Bible book’
SMM2
• Latest edition : SMM2
• SMM 1 Slightly different from
SMM2
• This book is guide for calculation
and format of BILLS OF
QUANTITIES
21. Contract Drawing
• Same drawing as tender drawings
Contract Drawing = Construction Drawing
Used to prepare contract document
