As competition intensifies and profit margins come under pressure, construction firms are continuously looking for ways to enhance project productivity and avoid cost and schedule overruns.
Numerous approaches have been tried, including technical improvements in construction processes, new building materials and the use of technology to streamline project management.
However, the traditional project delivery method, starting with the design phase to the tendering phase and then to construction, still dominates the built environment. Effectively, the owner/developer engages an architect to prepare the project plans and specifications. Contractors are then invited to tender for the work, and they in turn use quantity surveyors, sub-contractors and suppliers to put together their tenders. The winning contractor then enters into a construction agreement with the owner/developer. Continue reading here