Lump Sum
Lump Sum is the traditional tender process of engaging a builder for a defined scope of work tendered on a complete set of documents. The client appoints the consultant team with the architect or Project Manager acting as superintendent on their behalf. The successful tenderer is responsible for completing the project to programme as per the documentation.
Construction Management
Early engagement of a Contractor to work on the behalf of the client advising on ‘buildability’ and programming solutions provides value to the client by accelerating the project programme and value engineering a total price option. Under a Construction Management model the client is still responsible for the appointment and performance of the Consultant team.
Managing Contractor
Managing Contractor is a hybrid of Lump Sum and Construction Management. The Contractor works on behalf of the client in an open book process advising on best programme and value but converts to Lump Sum engagement once documentation is complete and a total price and programme is agreed. The Managing Contactor model provides the best guarantee of value for the client with transparent pricing and full risk of programme and price being held by the Contractor.