5 Fill in the blanks in each of the following 1 Overlapping

5. Fill in the blanks in each of the following: 1. Overlapping design and construction phases of a project is an example of used to shorten the overall project schedule 2. A limits an owner\'s financial risks by capping contractor fees in a cost plus a fee contract. 3. In construction, construction work does not begin until all design work is complete 4 owner/contactor agreements are well suited to projects where the full scope of construction work is not yet determined at the time of agreement. 5. Profit sharing is one example of an used to bring the interests of the contractor and owner into closer alignment. 6. In project delivery an owner does the following, in sequence: contracts with a design team completes design of the facility, bids the construction work, hires a contractor, and completes construction. 7. When the scope of work is well defined, an owner may use a construction agreement so as to begin construction with an established total cost. 8. In project delivery, design and construction are performed by one contractual entity, and the traditional boundaries between design and construction are less distinct. 9. Explain briefly the distinctions between design/bid/build, design/build, and single-purpose entity project delivery methods.

Solution

1.Fast tracking

2.Cost plus fixed fee contract

3.Design bid build

4.Cost plus contract