• Title/Summary/Keyword: CM Contingency

Search Result 4, Processing Time 0.02 seconds

COMPENSATION STRUCTURE AND CONTINGENCY ALLOCATION IN INTEGRATED PROJECT DELIVERY SYSTEMS

  • Mei Liu;F. H. (Bud) Griffis;Andrew Bates
    • International conference on construction engineering and project management
    • /
    • 2013.01a
    • /
    • pp.338-343
    • /
    • 2013
  • Integrated Project Delivery (IPD) as a delivery method fully capitalizes on an integrated project team that takes advantage of the knowledge of all team members to maximize project outcomes. IPD is currently the highest form of collaboration available because all three core project stakeholders, owner, designer and contractor, are aligned to the same purpose. Compared with traditional project delivery approaches such as Design-Bid-Build (DBB), Design-Build (DB), and CM at-Risk, IPD is distinguished in that it eliminates the adversarial nature of the business by encouraging transparency, open communication, honesty and collaboration among all project stakeholders. The team appropriately shares the project risk and reward. Sharing reward is easy, while it is hard to fairly share a failure. So the compensation structure and the contingency in IPD are very different from those in traditional delivery methods and they are expected to encourage motivation, inspiration and creativity of all project stakeholders to achieve project success. This paper investigates the compensation structure in IPD and provides a method to determine the proper level of contingency allocation to reduce the risk of cost overrun. It also proposes a method in which contingency could be used as a functional monetary incentive when established to produce the desired level of collaboration in IPD. Based on the compensation structure scenario discovered, a probabilistic contingency calculation model was created by evaluating the random nature of changes and various risk drivers. The model can be used by the IPD team to forecast the probability of the cost overrun and equip the IPD team with confidence to really enjoy the benefits of collaborative team work.

  • PDF

CM at Risk Case Study on Guaranteed Maximum Price Contract - Focused on Cases for USA - (책임형 CM 발주방식의 최대공사비보증계약 사례연구 - 미국 공공발주 프로젝트 사례 중심 -)

  • Jeong, Jinhak;Han, Jonghoon;Lee, Joosung;Ahn, Yonghan
    • Korean Journal of Construction Engineering and Management
    • /
    • v.20 no.3
    • /
    • pp.22-30
    • /
    • 2019
  • The purpose of this study is to derive basic data of the Guaranteed Maximum Price(GMP) process and to present specimens that can be used at the time of execution of CM at Risk project in South Korea. CM at Risk project is issued in South Korea, but the actual data is lack. On the other hand, CM at Risk project is universalized and the market of the CM at Risk is steadily growing. Because of that, in this study, The United States cases was selected as a sample. GMP consists of CM's fee, CM contingency, project direct cost, project indirect cost, allowance. GMP negotiations are performed before the end of design completion, and after 3 rounds of estimation comparison, preliminary GMP is confirmed. GMP can be multiple contract and it is useful for Procurement of long lead materials and early construction. If the actual cost is lower than expected GMP, sharing of the saving is an option since the conflict of interests between the client and the contractor can occur.

Benthic Marine Algal of Dolsan-Island in the Southern Coast of Korea II Structure of Algal Communities of Subtidal Zone (남해안 돌산도의 해조 II 조하대 해조군락의 구조)

  • SOHN Chul Hyun;LEE In Kyu;KANG Jae Won
    • Korean Journal of Fisheries and Aquatic Sciences
    • /
    • v.16 no.4
    • /
    • pp.379-388
    • /
    • 1983
  • The subtidal benthic algal communities of Dolsan-island in the southern coast of Korea were surveyed by means of SCUBA diving. The vertical zonation is recognized into three groups; upper, middle and lower subtidal zones. The representative species in each group throughout the year are Ulva pertusa, Codium fragile, Chondria crassicaulis and Gigartina tenera in the upper, Myagropsis myagroides and Sargassum tortile in the middle, and Plocamium telfairiae, Callophyllis japonica and Symphyocladia linearis in the lower zone. According to the normal association analysis by $2{\times}2$ contingency table and chi-square calculation among 29 quadrats, the algal communities are divided into 9 groups which are dominated by Sargassum tortile, Myagropsis myagroides, Chondria crassicaulis, Codium fragile, Pterocladia tenuis, Gigartina tenera, Gracilaria textorii. The thallus length and standing crops of Myagropsis myagroides show the highest value in spring and the lowest in summer.

  • PDF

Sex-related demographics in two remnant populations of a dioecious tree Ilex cornuta (Aquifoliaceae): implications for conservation

  • Shin, Sookyung;Lee, Hakbong;Lee, Jei-Wan;Kang, Hyesoon
    • Journal of Ecology and Environment
    • /
    • v.43 no.3
    • /
    • pp.320-331
    • /
    • 2019
  • Background: Dioecious plant species having both male and female plants have been investigated regarding sex-related characteristics such as sex ratio, sex-differential resource requirements, and spatial segregation of the sexes. Habitat loss and fragmentation are major threats to the survival of plant populations, but dioecious species are particularly more prone to such habitat degradation than non-dioecious species because of their dimorphic sexual system. We examined the sex-related demographics of two Ilex cornuta populations being different regarding land use history. Methods: During 2016-2017, we examined I. cornuta trees with a basal diameter ${\geq}1.5cm$ in the Yongsu-ri population (YS population) and the Gotjawal Provincial Park population (GP population). Plant sex (male, female, or unsexed) was identified. The tree size (basal diameter and height of the main stem), clonal production (the ramet numbers per genet), and vitality for each clone were measured. The associations between population, sex, tree size, clonal production, and vitality were examined using ANOVAs and contingency table analyses. Finally, point pattern analyses using O-ring statistics were conducted to assess spatial patterns. Results: Upon excluding unsexed trees, the YS population with 74 trees was significantly male-biased (0.66), while the GP population with only 26 trees had a 1:1 sex ratio. In both populations, males and females did not differ in tree size. Although the mean number of ramets differed significantly between populations, females tended to produce more ramets than males. The proportion of weak trees was significantly higher in the YS than in the GP population. Neither population showed evidence of spatial segregation of the sexes. Conclusions: The two populations of dioecious I. cornuta are characterized by the small number of trees and relatively high frequencies of non-reproductive trees. Both indicate that these populations are quite susceptible to environmental and genetic stochasticity. On the other hand, the differences between populations in sex ratio, clonal production, and vitality suggest that conservation efforts for I. cornuta need to be population-specific. In order to help recover and enable this vulnerable species to persist, it is necessary to find ways to enhance their sexual reproduction and simultaneously reduce habitat disturbances due to anthropogenic activities.