Execution Strategy and Planning

This method of lump sum bidding requires all the design documents to be completed and the entire project construction is awarded to one general contractor. This contractor will be responsible for the procurement of the individual trade sub- 

The administration/management of a lump sum general contract is also limited due to the completion of the design prior to the start of the construction activities. This project approach will take the most overall schedule time, but the final cost is easily predictable and known with great accuracy prior to the start of construction. The delivery of long lead equipment and fabricated materials such as structural steel will often not support the overall project schedule. There will be times in the construction schedule when the project is waiting for materials and equipment to be delivered. In the construction of most API facilities, schedule is an important driver of a project. The lump sum general contract approach will not normally satisfy the schedule requirements of the project. 

Cost predictability for fast track projects is less definitive. The potential exists for early construction packages to have errors or omissions that would have been uncovered if the remaining design had been complete. Whenever the design is not complete there is cost uncertainty. Any late changes can impact design components that have already been ordered or constructed. Accordingly, the administration of a fast track project requires extensive field effort and manpower. The 

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