Construction Project Management Portal

Ten Rules for Construction Project Managers

23Are you a project manager or going to manage your projects?

These ten rules will help improve your construction projects. Are these ten rules the top ten? It is up to your decide, but not take too long. Share these rules with your team. Your team members are sure to help you carry them out.

1. Adopt practices for exploring a variety of perspectives.
We think we see what we see, but we don’t. We really see what we think. Remember the blind men and the elephant. Make it your habit to inquire what others see. You’ll see more together.

2. Stay close to your customer.
Clients’ concerns evolve over the life of a project. Take advantage of that to over-deliver. Stay in a conversation with your client to adjust what you are doing.

3. Take care of your project team.
We’ve come to accept that the customer comes first the customer is always right. We can’t take care of the customer if we first aren’t taking care of our project team. It’s a challenge. While there are some things we can do for the whole team, it comes down to taking care of each team member as the individual that he or she is. And to make it more difficult, then we must bring their various interests into coherence.

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May 29, 2012 Posted by | Project Management | 1 Comment

Types of Construction Contracts

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What is a Construction Contract? A construction contract is a document text for building an asset or a combination of assets which  related or interdependent in terms of design, technology, function or purpose  basic useing. There are 7 basic types of construction contract : Lump Sum Contract, Unit Price Contract,  Cost Plus Fixed Percentage Contract, Cost Plus Fixed Fee Contract, Cost Plus Variable Percentage Contract,  Target Estimate Contract, Guaranteed Maximum Cost Contract. What are they different ?

Lump Sum Contract

In a lump sum contract, the owner has essentially assigned all the risk to the contractor, who in turn can be expected to ask for a higher markup in order to take care of unforeseen contingencies. Beside the fixed lump sum price, other commitments are often made by the contractor in the form of submittals such as a specific schedule, the management reporting system or a quality control program. If the actual cost of the project is underestimated, the underestimated cost will reduce the contractor’s profit by that amount. An overestimate has an opposite effect, but may reduce the chance of being a low bidder for the project.

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May 29, 2012 Posted by | Cost Management | | Leave a comment