PROJECT DELIVERY METHOD BY SHAIK SUFIYAN SHEZAN (0845498)

[Virtual Presenter] Good morning, everyone. Today we will discuss the importance of collaboration and improvisation in project delivery. Throughout history, those who have achieved maximum success often relied on these two qualities to complete their projects. Let us closely look at some of the most common types of project delivery methods and the advantages and challenges they present..

[Audio] Project delivery methods, such as Design-Build, Design-Bid-Build, Public Private Partnerships (P3) and Integrated Project Delivery, have long played an essential role in achieving success. An emphasis on collaboration and improvisation is key for successful project delivery. Examples of collaborations and improvisations being used to achieve successful projects can be found from Ancient Rome to today's modern world. This presentation will focus on discuss the various types of project delivery methods and the importance of collaboration and improvisation..

[Audio] When it comes to project delivery, various methods can be taken into account. These include Design-build, Design-bid-build, Public-Private-Partnership and Integrated Project. In the past, the most successful project results have been seen with a combination of the above. Each of these methods have their own distinct advantages and it is critical to fully comprehend which one is best for a given project..

[Audio] Collaboration and improvisation are indispensable to the successful completion of any project, regardless of its magnitude. Throughout history, the most successful projects have been those that embraced collaboration and the ability to think quickly and adjust to conditions that may change. Without effective collaboration, projects can become hindered and slow due to conflicting interests. By engaging stakeholders in the planning stage and utilizing the shared knowledge of all those involved, projects can be accomplished in a faster timespan with better results..

[Audio] Many of the most successful projects show the benefits of Design-Build, such as one point of responsibility, efficient communication and responsibility, quicker project outcome, and potential cost reduction from early collaboration and value engineering. Nonetheless, there are some risks, like possible disputes of interest and restricted control over the design process. It is plain that a successful project is produced by fruitful collaboration and adjustment..

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[Audio] Design-Bid-Build project delivery model is a common approach that has both advantages and drawbacks. It permits a competitive bidding process which can lead to cost reduction. Additionally, a fixed price is given for the construction work, reducing the risk of exceeding the budget. On the other hand, the linear sequence of phases often results in a longer project timeline, and it offers very little leeway for changes or modifications. Furthermore, contractors might reduce the quality of their work with lower bids in an attempt to cut costs..

DESIGN-BID-BUILD. A diagram of a company.

[Audio] Public-Private Partnerships, or P3s, involve a collaboration between public sector authorities and private sector entities to fund, construct, operate, and maintain public infrastructure or services. There are both advantages and disadvantages associated with this type of collaboration. From an efficiency perspective, the private sector is often able to apply advanced technologies and management techniques to the project. The transfer of project risks from public to private sector can incentivize the private partner to manage those risks more efficiently. Furthermore, private sector involvement may also lead to a faster project delivery timeline. However, it is important to note that the cost of financing and private capital can be higher than government borrowing, and there may be a reduction in the level of public control over the project. Furthermore, structuring and negotiating a PPP can be complex and require significant resources. Ultimately, those who have learned to successfully collaborate and improvise throughout history have been the most successful..

[Audio] Public-private partnerships are an effective way to create successful projects as each party has a role to play in achieving the desired outcome. The owner of the project will provide the overall vision and resources to get it off the ground while a consortium of financiers, designers, and general contractors bring their necessary expertise to bear on the project. An independent inspector will ensure that the highest standards are met, and by working together this way, all parties can contribute to the success of the project..

[Audio] Integrated project delivery is a method that brings together diverse stakeholders to optimize the entire project delivery process. Benefits of this approach include cost savings, better decision-making, and improved resource allocation, but it also carries certain challenges, such as complexity, a culture shift, and contractual difficulties. Collaboration and coordination are essential for successful delivery of an integrated project, as seen in many successful projects throughout history..

[Audio] In order to achieve success through history, individuals have had to be able to collaborate and improvise with one another. For this particular project, the collaboration between our integrated team is of utmost importance. Our team consists of the owner, construction manager and general contractor, all working together to ensure that the project is completed with great accuracy. By coming together and working as one, we can make sure that our tasks are done efficiently and the end-result is met with excellent quality..

[Audio] Collaboration and improvisation have always been intertwined in history. Examining the risk and control levels of public-private partnership models provides the knowledge necessary for making the most well-informed decisions so as to achieve the best results. Per the table, when comparing Design Build to Design Bid Build, the owner’s risk is diminished whereas the contractor’s risk is amplified in Design Build. Thus, carefully considered decisions can be advantageous to all parties engaged..

[Audio] Collaboration and improvisation have been crucial to success throughout history, and this is evident in the project delivery process even today. Design build is a widely employed system in the engineering and construction worlds, which involves several distinct stages such as design, bidding, and construction. Subcontractors are aware of the design and present bids accordingly, with several prime contractors assigned to coordinate the work of multiple entities. Construction management at risk relieves the owner of project delivery responsibilities and establishes a more experienced and qualified delivery system. Over the years, this system has generated immense success, exemplifying what collaborative and improvisational success looks like..

[Audio] Project delivery method is an important factor to guarantee the success of a project. Throughout the years, those who have mastered collaborating and improvising have achieved the best results. Working as a group to evaluate alternative solutions allows managers to benefit from the expertise of all involved parties, resulting in greater efficiency and better finished product. By using a cooperative approach, owners of the project are able to better face the difficulties of the construction procedure and reach the desired goal..

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