As I described in the previous posts, the procurement of new buildings takes place in a variety of alternative ways, including:
• Speculatively
By a developer on an entrepreneurial basis for unknown clients or occupants who have no specific involvement in the design or construction processes.
• Design and build
By a developer who provides all necessary design and construction expertise to a specific client based on negotiation or competitive tender.
• Project management
By a manager who does not have any direct, personal involvement in the building works, but co-ordinates the design and construction teams on behalf of a specific client.
• Consultant management
By a contractor for a specific client based on information provided by consultants, who may also supervise construction.
• Private finance initiative
By a contractor or a consortium of contractors who finance the development for a specific client who subsequently rents or leases back the building when it is completed. This method may also include a facilities management contract to maintain the building in use for an agreed period of time.
• Partnering
By several separate companies, or client and developer together, combining their expertise and financial resources in a joint venture.
• Speculatively
By a developer on an entrepreneurial basis for unknown clients or occupants who have no specific involvement in the design or construction processes.
• Design and build
By a developer who provides all necessary design and construction expertise to a specific client based on negotiation or competitive tender.
• Project management
By a manager who does not have any direct, personal involvement in the building works, but co-ordinates the design and construction teams on behalf of a specific client.
• Consultant management
By a contractor for a specific client based on information provided by consultants, who may also supervise construction.
• Private finance initiative
By a contractor or a consortium of contractors who finance the development for a specific client who subsequently rents or leases back the building when it is completed. This method may also include a facilities management contract to maintain the building in use for an agreed period of time.
• Partnering
By several separate companies, or client and developer together, combining their expertise and financial resources in a joint venture.
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