Wednesday, April 27, 2016

Introduction to Management, Practice and Law (Lecture Week #04)


Project Participants

1- The Owner(May be person or organisation so it should have Owner representative
2- The Contractor (May be person or organisation so it should have Contractor representative)

3- The Consultant (May be person or organisation so it should have Consultant representative)

Construction Contract Types

Construction contract types always divided into two types, one is based on price and called price based contract, and the other one called cost based contract.
Each contract type of the above illustrated has double effect one to the owner and the other is to the contractor. this double effect reflect the distribution of risk between the contract participants (Owner/ Contractor)

Project Delivery Systems (PDS)

Project delivery system is the way which arrange the relationship between the project participants. this PDS depends on the type and the purpose of the project. the most used project delivery systems are:
  • Traditional Method (Design Bid Build)

  • Design and Build

  • Construction Management

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