Lecture 1 wordy ones

Question 1

Agency Costs (DB)

Answer 1

• specimen design
• laborious tender
• consultant costs
• lower number of bids

Question 2

Agency Benefits (DB)

Answer 2

• control over design
• best value
• best design
• DB advantages (less claims, less costs, schedule, contractor leads designer)

Question 3

Contractor Costs (DB)

Answer 3

• tender costs (1.5%)
• less control
• best design no guarantee

Question 4

Contractor Benefits (DB)

Answer 4

• ability to add value
• paid for tender no matter whether they win
• no non-conforming bids