Complexity of Project And Impacts on Preliminaries of Construction Project At Tender Stage
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Poster presentation in the 7th International Conference on Postgraduate Education
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Complexity of Project And Impacts on Preliminaries of Construction Project At Tender Stage
- 1. T01-006 : COMPLEXITY OF PROJECT AND IMPACTS ON PRELIMINARIES OF CONSTRUCTION PROJECT AT TENDER STAGE METHODOLOGY INTRODUCTION & PROBLEM STATEMENT RESULTS AND DSCUSSION CONCLUSION OBJECTIVE Preliminaries and contractual matters are in fact the risks that deal with non-trade elements. To establish reliable Preliminaries i.e. accurate, reasonable, conclusive and yet easy to be priced by Contractors Reliable Preliminaries are crucial. The finding suggests the Preliminaries items to be broken down into smaller items and adopt several sum approaches for accuracy reason. Preliminaries are imperative in nature, thus expected to be comprehensive, easy to understand, practical and effective. Project Cost Construction Cost Preliminaries < 10% Bills of Quantities Preliminaries Trade Bills • Information • Instruction • Obligation Competitive cost Without risking project performance Project Constraints Complexity Direct costs Indirect costs Underestimation of price would lead to abandonment of the project, possible lawsuit and contract difficulty. Overestimation would overshoot the allocation and deferment of the project (Azman 2013). LITERATURE REVIEW Theoretical Analysis Synthesized Complexity Uncertainties CONCLUSION PROBLEM STATEMENT Establish Gaps OBJECTIVE RESULTS & DISCUSSION Preliminaries Uncertainty Complexity Risks & Problems To Arrive Contractors are facing a great deal of arbitration, exaggeration of risks and unseen problems to arrive to a competitive price. Lump Sum Quantity Lump Sums Provisional Sum • Ability to anticipate present & future risks - experience • Miscalculation, not competitive / cost overrun • Large lump sum creates larger inaccuracy • Broken down into smaller items • Indirect costs require sound anticipations Time-base One-off Researchers’ findings related to costs are crucial Complexity is part of the uncertainties exists in the construction project and directly influences the Preliminaries at Tender Stage. (Turner et al. 2013)