“Contemporary Quantity Surveying Practice Assignment 2 1.0 TASK 1 Compile a portfolio of the output from all of the activities in the first part of the course, linking the various components together to form a composite whole. Activity 3.1: Bid Formulation It has been said that, in a competitive tendering situation based on price, the contractor submitting the lowest price will be the one who has made the biggest mistake in his calculations. You have been asked by your line manager to make a lunchtime presentation (maximum 20 minutes) to a local business round-table group explaining why this statement is not true. Activity 3.2: Where will the money come from? Make notes to compare and contrast the available alternative financing models for the project set out in Case Study 1 (see Activity 2.5). Assume that, upon completion, the facility will be owned and operated by a separate company to be established by the consortium, and will sell its services both to the consortium members and other external organisations. All profits generated by the operating company (less allowances for operating costs, maintenance and repair, etc.) will be distributed annually to the consortium members in equal shares. Activity 3.3: Risk and Value for Money A two-day workshop has been arranged in which the project team, including the successful contractor, will come together for the first time. The purpose of the workshop is to determine how risk and value management are to be applied to the Walmington-on-Sea Chemical Training Plant project (Case Study 1). You have been asked to facilitate the workshop. Prepare an agenda for the two days, showing the various activities you think the team needs to address. You decide that the first session of the workshop ought to be an introduction by you to the concept of integrated risk and value management and the practical problems you believe you will face on this project Prepare a set of speaking notes which could be issued as a handout at the end of your introductory session. Activity 4.1: Strategic procurement principles Read Case Study 2, Crumblay Towers (in the Learning Activity Resources section in your module binder). As lead consultant for the procurement of the scheme, prepare a set of notes for the client, explaining: the importance of the briefing process in ensuring client satisfaction with the completed project; what information they will need to provide in order to construct a brief for the design of the scheme; any problem areas which you foresee and how you would expect to address them. Activity 4.2: Collaborative Procurement Prepare a draft report for the employer recommending a detailed proposed procurement strategy for the works described in Case Study 2, ‘Crumblay Towers’. Explain the reasons for your choice and provide an outline programme setting out the various activities required before construction work can begin. The procurement strategy should be developed from an objective assessment of the client needs and project characteristics. A best fit solution is looked for with an informed client making the decision based on sound judgement, giving due regard to the identified criteria and acceptable distribution of risk. Activity 4.3: The influence of strategic management principles on the procurement decision Explain, in the form of an essay, how you believe that the strategic management principles discussed in the above papers should be used to enable sensible project decisions to be made. (Guideline length 1,0001,500 words.) Activity 4.4: Strategic management and the organisation Summarise in 1,500 words or less how the strategic management principles outlined in the reference papers dealing with strategic management might influence the organisation and management of a medium to large contemporary quantity surveying practice.”