To compare the project performance : the minor lump sum contract and measured term contract of small building works in Kowloon Canton Railway Corporation

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To compare the project performance : the minor lump sum contract and measured term contract of small building works in Kowloon Canton Railway Corporation

 

Author: Wun, Tat-sang
Title: To compare the project performance : the minor lump sum contract and measured term contract of small building works in Kowloon Canton Railway Corporation
Degree: M.Sc.
Year: 2000
Subject: Kowloon-Canton Railway Corporation
Building -- China -- Hong Kong
Construction contracts -- China -- Hong Kong
Hong Kong Polytechnic University -- Dissertations
Department: Dept. of Building Services Engineering
Pages: x, 106, [4] leaves : ill. ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1538369
URI: http://theses.lib.polyu.edu.hk/handle/200/3452
Abstract: This research follows the development of Measured Term Contract in Hong Kong large client organization and aims to compare it with the Minor Lump Sum Contract to indicate of how both procurement methods may be suit to particular situation. The reason to start this research because there has been little research undertaken in this field of activity and lack of knowledge how to deal with the problems when there are a huge amount of small building works, for example, in a large property estate. The main aim of the research is to compare two procurement forms namely Measured Term Contract and Minor Lump Sum Contract in small building works in large client organization to evaluate their project performance. The following are the main objectives of the study: 1. To establish the background, apparent advantages and disadvantages to the client in using Measured Term Contract and Minor Lump Sum Contract; 2. To make an objective comparison in term of time and cost of two kinds of completed project namely toilet renovation and re-roofing using Measured Term Contract and Minor Lump Sum Contract and try to explain their differences and similarities; 3. To make an subjective comparison of client satisfaction in term of time, cost and quality in adopting both system and try to explain their differences and similarities; A theoretical model is used to assist in comparing project performance in a case study sample of 16 cases from Minor Lump Sum Contract and 11 cases from Measured Term Contract, and have identified several variables which could influence the performance of a project. The three hypothesis proposed are: 1. The project overrun is shorter if the Measured Term Contract is used and longer if the Minor Lump Sum Contract is used defined by the ratio between the actual building time and that estimated at the outset of the project. 2. The project cost overrun is lower if the Measured Term Contract is used and higher if the Minor Lump Sum Contract is used defined by the ratio between the actual final cost and that budget at the outset of the project. 3. The client's satisfaction to quality of project is greater if the Measured Term Contract is used and lesser if the Minor Lump Sum Contract is used. Analysis of 27 case studies suggests that Measured Term Contract performs better in some respect than Minor Lump Sum Contract, in particular, when short delivery time is important to the works.

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