Construction processes Design team Shasta Dam under construction In the modern industrialized world, construction usually involves the translation of paper or computer based designs into reality. A formal design team may be assembled to plan the physical proceedings, and to integrate those proceedings with the other parts. The design usually consists of drawings and specifications, usually prepared by a design team including the client architects, interior designers, surveyors, civil engineers, cost engineers (or quantity surveyors), mechanical engineers, electrical engineers, structural engineers, and fire protection engineers. The design team is most commonly employed by (i.e. in contract with) the property owner. Under this system, once the design is completed by the design team, a number of construction companies or construction management companies may then be asked to make a bid for the work, either based directly on the design, or on the basis of drawings and a bill of quantities provided by a quantity surveyor. Following evaluation of bids, the owner will typically award a contract to the lowest responsible bidder. Construction Manager as Constructor Under this delivery method, a construction manager is hired prior to the completion of the design phase to act as a project coordinator and general contractor. Unlike the DBB method, a construction manager is hired during the design phase, which allows the construction manager to work directly with the architect and circumvent any potential design issues before completion of the construction documents. After documents are completed, the construction manager accepts bids for the various divisions of work from subcontractors or general contractors. Lorich Construction Management LLC Value Engineering
otential problems of Design-Build: Cost estimating for a design-build project is sometimes difficult because design documents are often preliminary and may change over the course of the project. As a result, design-build contracts are often written to allow for unexpected situations without penalizing either the Design-Builder or the owner. Several organizations (such as the Design/Build Institute of America) provide standardized form contracts for design-builders to use, but it is not unusual for the design-builder to provide its own contractual documents. This uncertainty requires the owner to rely a great deal on the integrity, accumen, and competence of the design-builder. As the certainty of estimates decreases, the opinion of the construction professionals of the Design-Build firm must be trustworthy, accurate, and reasonably verifiable in order to minimize risk.
This approach has become more common in recent years and includes an entire completed package, including fixtures, fittings and equipment where necessary, to produce a completed fully functional building. In some cases, the Design and Build (D & B) package can also include finding the site, arranging funding and applying for all necessary statutory consents. The owner produces a list of requirements for a project, giving an overall view of the project’s goals. Several D&B contractors present different ideas about how to accomplish these goals. The owner selects the ideas he likes best and hires the appropriate contractor. Often, it is not just one contractor, but a consortium of several contractors working together. Once a contractor (or a consortium/consortia) has been hired, they begin building the first phase of the project. As they build phase 1, they design phase 2. This is in contrast to a design-bid-build contract, where the project is completely designed by the owner, then bid on, then completed. Kent Hansen, director of engineering for the National Asphalt Pavement Association (NAPA), pointed out that state departments of transportation (DOTs) usually use design build contracts as a way of getting projects done when states don’t have the resources. In DOTs, design build contracts are usually used for very large projects. Large projects can involve highly complex financial plans. As portions of a project are completed, they may be sold, supplanting one lender or owner for another, while the logistical requirements of having the right trades and materials available for each stage of the building construction project carries forward. In many English-speaking countries, but not the United States, projects typically use quantity surveyors. Lorich Construction Management LLC Value Engineering :The design-bid-build method is the most common construction delivery method. This process begins with an owner selecting an architect to prepare construction documents. These are prepared using drafting standards such as the Institute of Civil Engineers ICE Conditions of Contract, or the NEC Engineering and Construction Contract. In most cases, the architect will release these construction documents publicly, or to a select group of general contractors, who will then place a bid on the project which reflects what they believe cost of construction will total. This bid is inclusive of a multitude of subcontractor bids for each specific trade. The general contractor’s fee is generally built into the bid cost. Most government contracts are bid competitively using this method. Lorich Construction Management LLC Management Procurement Procurement describes the merging of activities undertaken by the client to obtain a building. There are many different methods of construction procurement; however the three most common types of procurement are: 1. Traditional (Design-bid-build) 2. Design and Build 3. Management Contracting Traditional Main article: Design-bid-build This the most common method of construction procurement and is well established and recognized. In this arrangement, the architect or engineer acts as the project coordinator. His or her role is to design the works, prepare the specifications and produce construction drawings, administer the contract, tender the works, and manage the works from inception to completion. There are direct contractual links between the architect’s client and the main contractor. Any subcontractor will have a direct contractual relationship with the main contractor. Lorich Construction Management LLC This approach has become more common in recent years and includes an entire completed package, including fixtures, fittings and equipment where necessary, to produce a completed fully functional building. In some cases, the Design and Build (D & B) package can also include finding the site, arranging funding and applying for all necessary statutory consents. The owner produces a list of requirements for a project, giving an overall view of the project’s goals. Several D&B contractors present different ideas about how to accomplish these goals. The owner selects the ideas he likes best and hires the appropriate contractor. Often, it is not just one contractor, but a consortium of several contractors working together. Once a contractor (or a consortium/consortia) has been hired, they begin building the first phase of the project. As they build phase 1, they design phase 2. This is in contrast to a design-bid-build contract, where the project is completely designed by the owner, then bid on, then completed. Kent Hansen, director of engineering for the National Asphalt Pavement Association (NAPA), pointed out that state departments of transportation (DOTs) usually use design build contracts as a way of getting projects done when states don’t have the resources. In DOTs, design build contracts are usually used for very large projects. More results: Lorich Construction Management LLC Organization Lorich Construction Management LLC Value Engineering Lorich Construction Management LLC Contact
Posts Tagged ‘Management’
Lorich Construction Management LLC
Wednesday, August 18th, 2010Getting Trained for Construction Management Jobs
Sunday, July 25th, 2010To fill any one of the many Construction Management jobs around, you need to have the right background for it. This means having the right academic credentials for those types of Construction Management jobs, enough years of practical hands-on experience in at least specialty among Construction Management jobs, and even a record for pursuing continual learning opportunities when possible (maybe for an additional special area in Construction Management jobs.) Let us focus first on Construction Managers for our analysis of training for Construction Management jobs.
Construction Management jobs like that of a Construction Manager are two-fold in scope: you must possess the technical knowledge and skills for the job; and you must know how to manage people too. That is where the difficulty in Construction Management jobs comes in –people are flawed and lacking in some departments while exhibiting strength in others. This means the best candidate for the job may be one of the nastiest overseers you have ever met, but man, does he know construction! On the other hand, you might wind up with a candidate who is an all-around good guy (the type of colleague you would readily invite over to your house to meet your family) but who is completely inept and incompetent in technical issues. In a case like this, the better person for the job would be the nasty candidate (though you can always keep in touch with the nicer candidate for leisure pursuits, like joining a weekend bowling club together maybe.)
The technical training you need to be a competent Construction Manager would involve being a college or university graduate of either civil engineering, construction management, or construction science. Here is where some problems at work also start – there are some employees who literally worked their way up from the grungiest lowliest Construction Management jobs in the construction firm and toiled for years just to get to that post. Then, all of a sudden, the top brass go and hire some young yet very smart college graduate and put that new hiree in a higher position than that held by the older employees. Don’t laugh –this is an all-too-common situation in many companies. The older employees who started at rock bottom in the company may resent their new Construction Manager for being a) young, b) smart, c) very competent, and d) now has become their new boss. Filing in vacancies for Construction Management Jobs with employees who are younger than their subordinates has been proven to be a reason to expect problems in the future. It is more of a psychological and social problem though than a technical construction problem.
To resolve this problem, there are employers offering Construction Management jobs who specify a range of the desired age of any candidates, as well as minimum number of years of experience in the same line of work. This helps give the new hiree a leg up when it comes to integrity and perceived competence for the position. (And it also passes the buck for training a new college graduate to a different firm which is wiling to absorb the risks that come with hiring inexperienced college graduates for Construction Management Jobs.)
Is experience the best teacher for Construction Management Jobs then? Not necessarily – there are things about Construction Management Jobs you can learn by theory that you will never learn through experience. The best learning process though is one that can harness both formal education and experience together to give the organization the best possible Construction Manager they can get at that time.
Careers In Construction Management
Thursday, July 1st, 2010What Is Construction Management?
Traditionally, construction involves the three-party, two-relationship model. The first is the owner designer relationship, in which the project owner appoints the designer who is usually an architect or an engineer, to plan and design the project. The second commences after the design is ready and is known as the owner contractor relationship. Here, the contractor is given the project to realize, based on his quotation of cost. Lately however, this model has undergone a radical change. The recent trend is to rely on construction management.
Construction managers divide all the construction activities into stages, budgeting time to meet construction deadlines. They evaluate the most cost-effective schedules for completion and are responsible for ensuring that all the work is completed on time.
Training And Education
Construction Management is also the study of construction, with regard to the managerial and technological aspects like construction management, construction science and construction risk. The most common and widely recognized format for construction management education is a baccalaureate or graduate degree. Other education may relate to on-the-job training and apprenticeship and higher education.
High school students who want to opt for a career in construction management, should study Mathematics, Chemistry, Physics and Accounting. Many colleges and universities offer master’s degrees in construction management and construction science. Someone who has a bachelor’s degree in an unrelated field can also get a master’s degree in construction management. A student can obtain a master’s degree in finance or business administration, to improve career prospects. There are also industry associated sponsored training programs and two year dedicated programs.
Job Prospects
Excellent construction management employment opportunities are available, since the construction boom requires a number of qualified individuals. Also, the increasing complexity of construction projects is creating extra demand for these managers. New technology and laws, setting standards for materials, safety and environmental issues have complicated the construction process. This has raised the demand for trained managers in turn. Opportunities for advancement may vary, depending on the person’s performance and the size and type of the company. The person may also become an independent consultant, an expert witness, a dispute arbitrator or start their own construction management firm.
Conclusion
Construction managers must be flexible and effective. They must be good decision takers and possess the ability to well under pressure or with unexpected delays. A flair for simultaneous activity coordination, analysis and problem solving is necessary. Good communication skills and knowledge of the Spanish language are important. Construction managers have to be available “on call” at all times, to deal with onsite emergencies. Be prepared to work much more than a 40-hour week to meet established construction deadlines. The work is not dangerous, but construction managers must be cautious when on the construction site.
If you are an outdoor person, and are good with math and organization, then the field of construction management can be very satisfying and lucrative career choice.
Get Reviews On Property Investment And Wealth Management
Saturday, April 17th, 2010Property investment has always been one of the most common methods of investing capital & can be a lucrative business option and hence many investors consider it an integral part of their diversified portfolio. It is a long term investment for individuals or families to obtain financial security for their present as well as future. However, you should consider some important points while doing property investment. If you are a beginner, you must look for a profitable property investment. The bottom line of property investment is to find an affordable property that can prove to be highly lucrative for the future. As time moves on, for example with newer media options of television and internet, new trends in property investment are appearing. So, always keep yourself informed about upcoming trends in property market with the help of these informative mediums. Prepare your property for resale and then sell the house quickly.
Residential property investment is the investment that can carry low risk and is not like investing in commercial property where investors have to worry about the conditions of businesses. Property investment loans are not as difficult to get as other types of loans and investing in residential properties can give investors a substantial financial boost. Also check out the history of capital growth rate in the area in last at least 15 years. Make sure that property investment is worth the capital benefit. You must also consider the population growth rate of the locality. If you are planning to invest in property, you need to take advice from experts or you can conduct research on the internet, attend seminars, interact with social groups and then read as much as possible regarding this matter to clear up all your investment doubts. Though the whole scenario of investments is always changing, property investment is still a viable means to enhance your financial portfolio. Because, the more you know about market, the better you will become at finding good property investments.
Wealth Management is classified as an advanced type of financial planning that provides High net worth individuals and families with private banking, estate planning, asset management, legal resources, and investment management, with the goal of sustaining and growing long-term wealth. The main objectives of wealth management are providing families dealing with services in retail banking, legal resources, investment management, and taxation advice goals to sustain and grow long-term wealth. Wealth management often includes further diversifying investments by adding real estate, precious metals, business and other untraditional investments.
Products dealt with in wealth management include stock trading and stocks, investments linked with equity, derivatives and products relating to structured investment, foreign exchange, unit trusts and mutual funds, investments and management of property, etc. Alternative investments with respect to wealth management include art, wine, precious metals, etc. Due to its prime importance, it is advisable to take the help of wealth management company while running a big enterprise. Because a wealth management company helps in growing long-term wealth for achieving long-term profit as It analyzes your wealth management plans including investments, insurance plans etc, calculates the related risks and then it proposes a wealth plan. It may provide many services like portfolio management, investment management, portfolio rebalancing, trust and estate management, private management, tax advice and financing solutions etc.
A wealth management company sometimes also implements some useful financial tools like stocks and stock trading, structure savings products, structured investment products and derivatives, equity linked investments, property management and investment solutions, mutual funds and alternate investment options. These tools provide assistance in making your money grow and provide you long-term investment benefits. Thus, proper wealth management with the help of financial planning can make you gain very fruitful returns on your investments which will have increasing volume each time.