¶ … Decision
As the general contractor of a medium size, one of the most important decision points in construction is a go no-go decision. Go no-go decisions have become common in the modern construction industry because of the changing marketplace that has in turn generated complex procurement choices. In light of the changing marketplace in the construction industry, construction companies face new challenges in identifying the most suitable project proposals to adopt and develop vetting measures that help in making the appropriate go no-go decision (Illia & Rubin, 2014). Despite the complexities of such decisions, go no-go decisions remain very crucial choices in this sector because of their significance in weighing costs for the most appropriate project fit.
Contractors need to conduct a go no-go analysis in order to determine the best project fit depending on project specifications and needs. The analysis helps in several aspects including serving as a process of researching and collecting information when there is insufficient information to make the most suitable decision. Additionally, a go no-go analysis helps in exploring the different ways for approaching the project, examine the project's impact on resources, relationships and other factors, and examine the significant opportunities and risks relating to the project implementation.
The go no-go decision making process is also crucial in Design-Bid-Build construction projects, which are commonly used by many building owners. These projects are preferred among many building owners because they utilize different companies for the design and construction segments of building projects (Bryan Construction Inc., n.d.). Notably, these types of projects consist of three major phases...
E. Sharpe, Inc., 1997. Gambatese, John a. "Liability in designing for construction worker safety." Journal of Architectural Engineering: September 1998: 107-112. Gitter, Robert J. "Wage Subsidy Programs in Apprenticeship Training in the Construction Industry." Journal of Vocational and Technical Education Fall 1985: 3-10. Gould, John P. And Bittlingmayer, George. The Economics of the Davis-Bacon Act: An Analysis of Prevailing-Wage Laws. Washington D.C.: American Enterprise Institute of Public Policy Research, 1980. Korman, Richard, Kohn, David
" There are several benefits that a global consumer electronic firm could derive from inter-project learning. First, inter-project learning allows firm to enhance project completeness. Prencipe, & Tell (2001) argue that inter-project learning allows firms to execute a project in a best method. In the present competitive market environment, project is the key to the dynamic competitive capabilities. Typically, accumulation of knowledge builds project competencies, which could enhances market performances of a
"Brainstorming, scenario planning, and expert interviews is the tools highway engineers commonly use in routine engineering and construction management tasks." (U.S. Department f Transportation 2007 P. 2). Table 3 reveals the summary of the tools and technique in the risk identification process. Table 3: Risk identification tools and techniques PROJECT-SPECIFIC DOCUMENTS PROGRAMMATIC DOCUMENTS TECHNIQUES Project description Work breakdown structure (WBS) Cost estimate Construction schedule Procurement plan Team issues and concerns Historic data Checklists Final project reports Risk response plans Organized lessons learned Published commercial databases Academic
Building Materials If one is going to build a home or a business, one needs good materials with which to construct those dwellings. However, most of the materials that are used in construction projects in Iran are far from meeting international standards (Babai, 2011). They are of a low quality, and they do not hold up in the way that they would if high quality materials had been used. Many of
In addition, Sound Transit has installed eight sensing devices for the building, including probes that would register any soil shifting at the tunnel depth. Such alerts would allow Sound Transit time to apply extra grout between the tunnel and the apartment building's basement. 6. Output Analysis and Discussion Here, Sound Transit has taken reasonable and economically feasible precautions to reduce the risk of damage from soil sliding. At this point, the remaining
Conclusion In understanding the facets of a PFI/PPT construction endeavor, one must first understand the aforementioned facets of the partnership that will come into play from the construction project's inception to its completion. The decision to engage in such an endeavor is clearly one that is subjective, but should be undertaken carefully in gauging the risks involved. References Akintoye, A., Bing, L., Edwards, P. And Hardcastle, C. (2004). Risk allocation preferences in PPP/PFI
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