Engineering Management
Skilled Occupations
Are require further education qualification, often in vocational subject areas, these qualifications are either obtained directly after the completion
Technical and Specialized Occupation
Are require more training as a greater technical knowledge is required. They also hold more responsibilities.
Architect
A skilled professional who plans and design building and generally plays a key role in their construction.
Quantity Managers
Deep a close eye on projects finances and contractual relationships.
Corporation
Establishing as a ____________ means the business is an entity separate from those who own and/or run it. As an owner, you are a shareholder, and you assume limited liability. You must have an elected board of directors who meet and oversea policy- making and enforcement. Setting up a corporation is a bit of a chore compared to the sole proprietorship and partnership options, and the tax filing process is more complicated. Corporations do have the benefit of raising capital through stock sales, and ownership in a corporation is easy to transfer to someone else.
Design and Build
Includes an entire completed package, including fixtures, fittings, and equipment where necessary to produce a completed fully functional building.
Procurement Methods
Is the acquisition of appropriate goods and or service at the best possible total cost of ownership to meet the needs of the client in terms of quality, quantity and time. It describes the merging of activities undertaken by the client to obtain a product.
Limited Liability Company
It combines features from both the sole proprietorship and corporation structures. In an, the owner is a member, and receives liability protection similar to a corporation set-up. There are more flexible profit distribution options in an __________, and earnings are considered "pass-through" profits, only getting taxed on the individual owner's tax form. Set-up is easier than incorporating, though it is still more work than a sole proprietorship or a partnership. There will be fees and paperwork, and certain counties have regulations mandating operating agreements similar to a partnership.
Sole Proprietorship
It is the easiest business structure to set up. The sole proprietor owns all the assets and profits brought in by the business, and the sole proprietor also "owns" all the debt and liability.
Partnership
Many contracting businesses choose to establish as a _________. When two people start a business together, the benefits of a shared work-load-which includes decision-making can seem appealing. Getting a business up and running always seems more possible when there's someone else helping out. But a partnership takes serious advanced planning. There needs to be an agreement written up that addresses who makes what decisions, defines roles and commitments, and determines how the business profits will be split up. A written agreement will help keep the business running smoothly.
Contractor Business Structures
One of the first steps you will need to take when starting a construction
Management Procurement System
Overall design is the responsibility of the client's consultants. While the contract is responsible for managing the performance of the works through separate trade contracts.
Project Manager
Oversee the planning and delivering of construction and projects.
Technical and Management
Personnel with the greatest educational qualifications, usually graduate degrees, trained to design, manage and instruct the construction process.
Skilled on-site managers
Possess extensive knowledge and experiences in their craft or profession.
Structural Engineers
Primarily concerned with designing and constructing buildings and structures that safe and capable of withstanding the elements to which they will be exposed.
M&E Engineers
Produce machines such as electric generators, internal combustion engines, steam, and gas turbines.
Civil Engineer
Professionals who plan, design, and supervise the construction and maintenance of projects.
Unskilled and Semi-skilled
Site labour with no little or no-construction qualification.
Traditional Design
This is the most common method of construction procurement and well established and recognized.
Cost Reimbursement Contract
Where the contract sum is determined on the actual cost of labour and materials, with an amount added to cover overheads and profit.
Lump Sum Contract
Where the contract sum is largely determined before full construction starts. The contractor offers to do the whole work for a total stipulated sum of money as shown in drawings and described by specification
Measurement Contract
Where the contract sum is not finalized until after completion by a measurement of the works on the previously agreed basis.