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jeg_123
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Posted: Wed Oct 4th, 2006 06:36 pm |
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In terms of the critical path method, how are the trades paid if each trade acts independantly?
In other words there is no bid package for the whole project so how do they get paid?????
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Alethia
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Posted: Wed Oct 4th, 2006 07:38 pm |
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CPM shows the relation Betwen activities and the time it takes them to be completed; establishing a sequencing and defining a path of activities that are critical for the successful completion of the project.
For this test you dont have go deep in detailed CPM programing; just know the concepts asociated with it.
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jeg_123
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Posted: Wed Oct 4th, 2006 07:50 pm |
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| What I meant was, for fasttracking a project, how does payment work if there is no one entity
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Alethia
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Posted: Wed Oct 4th, 2006 08:05 pm |
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The contractor is reponsible of paying the subs he hires to perform the work.
The contractor can be selected by the owner early at the begining of the project or after bidding.
He is the "entity"reponsible for paying the trades.
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nsrooen
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Posted: Wed Oct 4th, 2006 09:12 pm |
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On a fast-track project it usually involves stage-bidding. Sometimes this involves 20 to 30 seperate contracts so it is impossible to nail down a fixed price. Generally a Construction Manager is hired to deal with all of the coordination involved.
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jeg_123
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Posted: Wed Oct 4th, 2006 09:14 pm |
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That was a tough one! Thanks!
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Michael F
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Posted: Tue Nov 4th, 2008 06:47 pm |
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| CPM is completed or set up by just the contractor, correct? Last edited on Tue Nov 4th, 2008 06:47 pm by Michael F
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Coach
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Posted: Tue Nov 4th, 2008 08:37 pm |
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First, CPM has nothing to do with payment. It seems that the OP is mixing up issues.
CPM is merely a planning & scheduling tool and independent of delivery method.
Fast track projects, must have a CM. The CM will develop and coordinate the multiple prime contracts.
As implied by the name, when you have multiple primes, each has a contract directly with the owner and payment to each is handled just like any general contractor.
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