Question
You have been hired in a Large Real Estate and Investment Firm specializing in developing various types of projects in South Florida. The firm has
You have been hired in a Large Real Estate and Investment Firm specializing in developing various types of projects in South Florida. The firm has finalized the feasibility studies for several projects for the next five years. These projects include:
- Commercial Plaza on 5 Acres Land
- Recreation Facility on the beach including: ice-skating, bowling arena, basketball courts, Olympics size pool, and Volleyball courts
- 20-story Hotel in Downtown Miami near Bayside with amenities (plaza, swimming pools, saunas, fitness center, restaurants)
- Private Hospital (similar in size to the Baptist Hospital)
- Private School (KG to High-School)
None of the design processes for these projects have started yet. The firm has secured the financing for all the projects and planning to complete the five projects during the upcoming 5-year cycle. The Firms principals assigned you the responsibility of selecting the following for ONE of the above projects to be completed by the company:
- Project Delivery Method
- Payment Scheme
- Award Technique (i.e. Procurement Method)
You are required to submit a report to the firms principals for their review stating your choice of method and scheme for the project you selected. You have to detail the main reasons behind every choice you make and warning the principals of the drawbacks of each choice, if any.
Please submit your report according to the following guidelines:
- Use separate sections to detail your choice and reasoning for each of the above three items
- Outline (using bullet points) your reasons for your selections
- Be concise and to the point. Limit your report to a maximum of two pages
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