Challenges Facing Today’s Construction Manager Supplemental Reading for CIEG 486-010 Construction Methods & Management Bob Muir‚ PE Fall 2005 Challenges Facing Today’s Construction Manager By Bob Muir‚ PE Introduction There are numerous challenges facing today’s construction manager. Some are new to the industry‚ and some are centuries old. Many of these challenges are a direct result of construction operations‚ while others a result of indirect‚ peripheral activities. A surprising
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Financial Risks in Construction Discuss financial risks in construction‚ highlighting historical background‚ current issues/practices and implications/relevance to construction project management generally and specifically to construction project planning and control‚ feasibility study and appraisal‚ and financing. 1.0 Definitions i. The Project Management Institute‟s (PMI) A Guide to the Project Management Body of Knowledge (PMI 2008) defines project risk as: An uncertain event or condition that
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Fast track construction is a project delivery system which compresses the design tender construct process into overlapping design and construct phases. The former can be identified as a traditional lump sum tender where plans and specification s are completed then put out to tender. Contractors bid the prject exactly as it is designed with the lowest bidder awarded the work. It is a linear process where one task follows the completion of another with no overlap. The latter‚ or " fast track construction"
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ECONOMIC OF COMPETITION INDIVIDUAL ASSIGNMENT INDONESIAN CONSTRUCTION BUSINESS GOES OVERSEAS A Journey to become International Construction Player By : MAHENDRA VIJAYA 1240002095 MM Executive Batch 16 BINUS BUSSINES SCHOOL CHAPTER I BACKGROUND : As Indonesian Largest Construction Copany‚ PT Wijaya Karya (Persero) Tbk. (WIKA) has Vision and Mission to be One of the Leading EPC (Engineering‚ Procurement and Construction) and Investment Company in Southeast Asia‚ which is in one
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Introduction Construction activities are often exposed to various weather conditions‚ and often construction productivity is dependent on these weather conditions. Weather conditions are local‚ seasonal‚ and sometimes unusual. Inclement weather conditions often result in project disruptions‚ delays‚ and disputes between the project parties. Many trades such as earthwork‚ concrete‚ roofing‚ and landscaping are often affected by severe weather‚ meanwhile other trades such as carpet installers
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The Proposed Enactment of CONSTRUCTION INDUSTRY PAYMENT AND ADJUDICATION ACT (CIPAA) CIPAA Background The Government has long realized problems facing parties to construction contracts in securing regular and timely payment that impacts cash flow during project implementation. In ensuring the smooth implementation of construction projects‚ problems of this nature must be addressed especially at the onset of the 10th Malaysia Plan. On 15th July 2009‚ Cabinet has agreed that CIPAA be enacted
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ambulance and sometimes a coroner called to the jobsite. Road Construction Safety[edit] The United States has over 4 trillion miles of road‚ over 65% of which is paved. The American Recovery and Reinvestment Act of 2009 created over 12‚600 road construction projects‚ over 10‚000 of which are currently in progress.[12] Workers in highway work zones are exposed to a variety of hazards and face risk of injury and death from construction equipment as well as passing motor vehicles. Workers on foot are
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Identifying Key Risks in Construction Projects: Life Cycle and Stakeholder Perspectives Dr Patrick. X.W. Zou1 ‚ Dr Guomin Zhang2 and Professor Jia-Yuan Wang3 1 and 2: Faculty of Built Environment‚ University of New South Wales‚ Sydney 2052‚ Australia; 3: College of Architecture and Civil Engineering‚ Shenzhen University‚ Shenzhen‚ P.R. China E-mail addresses: 1 p.zou@unsw.edu.au‚ 2 guominz@fbe.unsw.edu.au‚ 3 wangjy@szu.edu.cn Abstract Managing risks in construction projects has been recognised as a
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management has being in existence since man started erecting building. The main attention was given to the erection of the building itself‚ the management of the people and material were given less interest. This paper would look at the evolution of project management as a discipline in the construction industry‚ the functions and values would also be evaluated. 2.0 Evolution of Project Management Discipline in the Construction Industry Project management has been in the construction industry
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Brandon Leung CAE 460 – KL February 2‚ 2015 Assignment #1 2.1: What are the three major types of construction bonds? Why are they required? Name three items that affect bonding capacity. Three major types of construction bonds are: Performance Bonds‚ Payment Bonds‚ and Securing Bonds. They are required because a bond allows one party (Obligee) to protect itself against default in a relationship with a second party (Principal). A third party (Surety) provides this protection. Three items that
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