Evaluate and recommend the best procurement method

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Reference no: EM132069470

1. Select a project at your target company

2. Provide background of the case project

3. Recommend the best project delivery method for your project based on the criteria that YOU think is most crucial to this project. Be mindful that the types of delivery methods that need to be evaluated are Design-Bid-Build, Design-Build and CM@Risk. You must document all your assumptions and rationale for the selection of the project delivery system. All yours suggested grading (the criteria, weights, and scores) should come with justifications and explain why you gave such grade to each element of the selection matrix.

4. Evaluate and recommend the best financial contract type for your project based on the criteria that YOU think are crucial to this project. The types of contract that need to be evaluated are Lump sum contract, Guaranteed Maximum Price Contract and Cost-Plus Fixed Fee Contract. All grading must be justified and explained.

5. Evaluate and recommend the best procurement method for your project based on the criteria that are crucial to this project. The types of procurement that need to be evaluated are Competitive, Negotiated and Best Value. All grading must be justified and explained.

6. Develop Risk Management Plan including Risk Register, Risk Quadrant Analysis, and risk mitigation plan

In addition, please find attached the sample case study solution as promised. Please note that this solution is a bit different from our case study as It does not have 5-choosing the best procurement method and 6- Risk management

Attachment:- Sample case study.rar

Verified Expert

The project delivery systems and financial contracts are important for the projects in order to determine the various evaluation specific estimations. The procurement and risk assessment is also an important part of the project accomplishment and relevant planning can be considered in order to efficiently manage the project-specific evaluation and monitoring best practices.

Reference no: EM132069470

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Reviews

inf2069470

10/6/2018 12:31:33 AM

Got my assignment. Thank you for delivering the work on time.

inf2069470

10/6/2018 12:29:29 AM

From this analysis on type of the project delivery system and the financial cost, with the case study project we can conclude that the best project delivery system that is suitable for this case study are CM@Risk and the financial contract for this case study project is Guaranteed Maximum Project of GMP. Because with CM@risk we can assure that the project will be finished in time and with the experience of the construction manager we can trust this kind of big project will be manageable.That is the conclusion from this analysis on case study.

inf2069470

10/6/2018 12:28:36 AM

This type of contract we used when we don’t know the estimated cost of the project itself, and thus the contractor have fixed fee for them. Fixed fee usually a small percentage of the final or true cost at the end of the project closing phase. With this form contractor will bid for fixed fee percentage to the client with engineering, materials, and the field labor costs to be reimbursed at the actual cost later. This form of contract is easier to make and put the client to a simpler way to make a decision. It has the advantages to giving an incentive to the contractor if they can quickly complete the project.

inf2069470

10/6/2018 12:27:43 AM

From the table above we can see that CM@Risk have score at 8 and weighted score at 200, 25 points above the DB and 75 points above DBB. This is because as the pressure at construction manager and with expertise of the construction manager the project will be has a valid time and resources management. Which it can give a certain project final completion time.

inf2069470

10/6/2018 12:27:01 AM

There were five main challenges faced by this project: ? enormous challenge to keep more than 140,000 vehicles moving through the project corridor with a speed limit of 80 kilometre per hour. ?Maintaining a fast-track schedule, while controlling costs. ? Prioritizing the safety of workers and the public by diverting traffic from Paramatta road. ? Creating a unified cohesive team at the management level that included several individuals from the owner, Westlink and many other organizations. ? Meeting the deadline for 2023. For Westlink, it was extremely important that the deadline is met with no cost overrun the Government budget.

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