Inter Firm Alliance and Design Team Arrangement Flashcards
is the process of evaluating and
implementing procedures to reduce the impact of risks in construction projects
Construction risk management
software like Project Manager makes the risk management process much easier.
Project management
What Are the Types of Risk in Construction Projects?
Safety Risk
Financial Risk
Legal Risk
Project Risk
Environmental Risk
The Construction Risk Management Process:
- Identification
- Assessment: Not all risks are equal
- Mitigation
- Monitoring
- Reporting
How do construction disputes transpire?
Issues with contracts
Behavior
Project Uncertainty
Common types of construction disputes
Change of finish date
Delays
Design
Goals
Quality of materials
Difficult projects
How to resolve a dispute
Negotiation
Mediation
Arbitration
Litigation
Preventing disputes
Clear payment terms
Communication
Keep records
Follow the contract
firm alliance is an organizational structure to govern an incomplete contract between separate firms and in which each
firm has limited control.
inter firm alliance
An association of two or more entities for the purpose of performing a design build project.
Joint Venture
An entity possessing attributes of both a general partnership and a
corporation.
Limited Liability Company
This type of relationship enables the owner to receive the benefits of single point responsibility and accountability.
Prime Subcontractor Relationship
Common problems in Inter-firm alliance and Design team arrangement
Misunderstanding with the field of work of each part of the alliance.
Miscommunication of each member.
A ____will help you bridge the gaps between your firm’s needs and its
resources.
talent plan
