CMMP skips the usual step of hiring a general contractor. Instead, the owner signs separate contracts with each interested party.
Often, the owner will hire a construction manager to assist with the project budget and schedule. However, since the owner assumes more risk and responsibility, this method works best for those with solid construction experience.
Here's a breakdown of how this project works:
Design Phase: The owner works directly with the architect and engineer, signing separate contracts to create the construction drawings. In some cases, a contractor steps in early to offer advice or input during the design process.
**Once the design is complete, the owner and builder together plan the budget and scope india whatsapp number data of the project. The contractor helps coordinate construction but has limited control over the final outcome.
Subcontractors: The owner selects subcontractors to balance costs and achieve desired results. Once the project is complete, subcontractors send updates and invoices directly to the owner.
**Advantages
Greater owner control over each phase of the project
Direct interaction with stakeholders
Disadvantages
Final costs are not clear until all contractors are hired
Greater risks for the owner, with poor management leading to additional costs
5. Public-private partnerships (PPP or P3)
The PPP or P3 project delivery method is a collaboration between a government agency and a private entity to develop, operate and maintain publicly funded projects.
This method is applied to large-scale projects, such as parks, roads, hospitals, airports and schools, which span 20 to 30 years and are financed jointly by the public and private sectors.
This delivery method leverages private sector expertise, funding and technology to make public projects a reality. As a result, it enables access to advanced solutions that the public sector may lack.
For the public sector, PPP strengthens infrastructure and makes countries more competitive by diversifying publicly funded projects. It is a win-win situation, as resources and expertise are combined to deliver better outcomes for the community.
**Advantages
combines public financing with private sector expertise to improve construction outcomes
Bond protection ensures that everyone working on the project is paid
Cons
Government priority changes may delay or affect projects
Managing bond claims can be a challenge for unpaid contractors
Construction Management with Multiple Contractors (CMMP)
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