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First, read the article provided Planning for the Unplanned: The Construction Contingency Allowance and familiarize yourself with the various types of contingencies and how
First, read the article provided "Planning for the Unplanned: The Construction Contingency Allowance" and familiarize yourself with the various types of contingencies and how they are used on various types of construction projects. Next, referring to the Fairfield Inn case study documents, particularly the document Types of Contingencies attached, address the following in your initial post:
- List at least three examples of items that could come up on this project that would need contingency dollars to cover.
- How can you determine the correct percentage to use?
- How will you incorporate this knowledge into your final project?
Cite from the articles and the case study documents to support your answers.
Proposal Creation Gwner Needs F aireld Inn and Suites is looking for a general contractor to provide construction services for the Hotel Cambridge project The scope is to design and build a 49,103 SF hotel in Cambridge, MA, Faireld Inn and Suites has its own civil construction rm that will complete the site work, concrete slab and foundation. The general contractor is expected to provide full construction services and perform the work in accordance with the requirements of the design and contract documents that are developed. The project is scheduled to be started on September 14, 2015 and be completed on June 6, 2016. Due to a large portion of the project being in the winter months, weather is a big constraint. Weather conditions are likely to result in delays that will increase costs. Types of Contingencies Design Contingency Timing: Typically used from project onset through permitting and demolition Covers: 1- Scope that lacks denition 2- Scope that is anticipated to be added to the design 3- Code-required changes to the design 4- City- or regulatory-required changes to the design Construction Contingency Timing: Typically used from ground breaking through close-outfturnover Covers : 1- Unforeseen items that are found during construction 2- Risks that do not currently have mitigation plans 3- Extreme weather delays Owner Contingency Timing: Typically used throughout the entire project Covers: 1- Scope changes by the owner 2- Unforeseen bidding conditions 3- Owner-directed expedited or delayed schedules 4- Help planning for claimsStep by Step Solution
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