Management Contracting Essay Example | Topics and Well Written Essays - 1000 words - 1

Management Contracting - Essay Example Furthermore, it is considered that using the design and build approach tends to produce projects that are poorly adapted to complex technical or aesthetic requirements (Quatman & Dhar, 2003). Additionally it is argued that the design and build approach fails to utilise competitive bidding so that prospective builders might bid on the very same design. The selection criteria for contractors is often subjective and becomes hard to justify in the later stage of the project (Broyles, 2011). In contrast research has shown that the design and build approach provides projects 33.5% faster than projects built using the separate design and build approaches. In addition the same research has highlighted that the design and build approach allows 12% faster construction along with a 6.1% lower unit cost (Construction Industry Institute, 1998). 2. NEC3 Approach The New Engineering Contract (NEC) is a formal system of contracting adopted by the Institution of Civil Engineers which provides guideli nes for drafting various kinds of documents for construction projects. These documents relate in general to obtaining tenders as well as awarding and administering different kinds of contracts (Gerard, 2005). In legal terms these prescribe the duties and responsibilities of Employers and Contractors through the Works Information (Brook, 2004). In itself the Works Information comprises of the Contract Data part one which details the Data provided by the Employer as well as the Contract Data part two which details the Data provided by the Contractor. The flexibility provided by this contracting approach makes it a popular choice as it provides the Employer and the Contractor with a number of choices for contracting... This essay describes the management contracting, that recently has diversified the approach to contracting in a number of ways. Employers today may choose to use any types of contracts in order to deal with design, building, procurement and other aspects of construction. Typically it is up to the requirements of the individual build to define the most suitable form of contract. The current situation at hand requires that a flagship store be built for a high value client. This indicates that the build needs to provide the client with a fresh and innovative design. There might be chances that the unique design would require special expertise in modern construction techniques. Therefore, it could be surmised that the required building requires innovation in both the design and construction phases. The different options available to the client are presented in the essay including the design and build approach as well as the NEC3 approach to discern a fitting solution for the issue. In co nclusion, the researcher states that for the case of the customer being discussed it would be highly appropriate to suggest a NEC3 framework based contract. The design contract should be well separated from the construction contract in order to ensure that the best possible Designers and Contractors bid for both aspects of the project. This in itself will ensure competition and better results, the use of the NEC3 framework design and build fronts will ensure that cooperation is promoted along with a sustainable working relationship.