Demonstrate judgement and communicate findings

Reference no: EM132937905

Contract Administration & Practice

Learning Outcome 1: Critically appraise the concepts of professional practice standards and competencies and apply them to your professional development.

Learning Outcome 2: Critically analyse information, demonstrate judgement and communicate findings.

Learning Outcome 3: Reflect critically upon professional practice and apply to your personal development.

The focus of this assessment is on application of procurement and tendering methods, consultant/contractor selection, cashflow management for construction projects and preparation of interim valuations and payments.

Question 1

Fifty-six days before a regional sporting and games festival flooding occurs at Riley Hotel & Leisure (RHL) resulting in damage to premises, facilities, fittings and equipment, loss of stock, and major disruption of business activities. The festival is an annual event attracting several hundreds of people and remains the busiest time of the year for RHL. It is estimated that the management of RHL could lose a profit of about £25,800 per day if accommodation. leisure facilities, services, etc. are not available to cater for demand. The management of RHL is appointing a contractor to repair the flood damage and to restore the business activities_ The estimated contract value is £1_25 million_
a. As a consultant surveyor, discuss your procurement advice to the management of RHL

b. Management of R.HL invites tenders from consultants for a consultancy assignment to provide pre-ccpntract cost and procurement advisory services for the above scenario_ A two-envelope method is used for tender submission; each tenderer submits a technical proposal and a fee proposal_ The tenders are eva luate-cl by RHL:s tender committee using the assessment criteria in Table 1_ Fee proposals of the tenderers are reported inTable 2.

Further instructions:

The technical proposal should be rejected and should not be assessed further and its fee proposal should not be opened. Any rejected to proposal should not b-e include-d in the weighted assessment score and the fee assessment score.
- The pre-determined weight for the technical proposal is 60%.
- The pre-determined weight for the fee proposal is 40%.

Using the information above, calculate the following:
i Technical assessment scores of the tenders. State the relevant formula.
Fee assessment scores of the tenders_ State the relevant formula.
Hi_ Based on i) and ii), recommend the best tender to the client. Justify your recommendation.

Question 2
a. Using the data provided below, determine the amount due to be paid to the contractor for interim payment Nr. X for the construction works carried out in February 2021 on a Lecture Theatre project funded by Northumbria University, Newcastle.

Preliminaries
- Fixed charges: £555000
- Time-related charges: 4 months at E85.250 each

b. A project surveyor is tasked with valuing the completed work package as part of above project. Discuss how appropriate the use of the S-curve method would be as the basis for the interim valuation exercise.

Question 3

You are working for a main contractor, JA General Construction Ltd, as a project surveyor and have been tasked with producing a cash fiow forecast for a high-quality residential develo-pment scheme_ The project is to be completed over eight months (May-December 2021) and has a contract sum of £3,300.0 00 and a 6-month defects liability period_ The contractor's profit and overheads on ihe project s estimated at 7%. Interim payments will be made based on work done, at the end of each calendar month_ A retention of 3% applies to the contact_ According to the contractor's work programme, the cumulative net valuation amounts are shown in Table 3. The contract terms provide for a 4-week billing period.

a) Using intomiation provided, calculate the following:
i. Cumulative gross valuations based on work done
ii. Monthly payments received by contractor
iii. Cumulative costs incurred
iv. Monthly costs incurred
v. Monthly retention amounts

b) Using a graph sheet or MS Excel spreadsheet, plot the following S-carves:
i. Value-time curve
ii. Cost-time curve
iii. A 4-week payment delay in meeting cost

c) Graphically represent ihe following:
i. Saw-tooth red Saw-tooth black

d) Discuss two important reasons why cash flow forecasts are not always a precise forecast of reality in a constnuction project situation.

Attachment:- Contract Administration and Practice.rar

Reference no: EM132937905

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