Regency Plaza Case Study Essay
1- INTRODUCTION
This report it deals with a case study involving an analysis Regency Plaza hotel complex project. During our study to this case we will explain the role of the project manager, and discuss the functional areas that encompass at each stage of the development process in regard of the case provided. Also we will evaluate the elements of cost, and explain how it is negotiated as well as contracted and finally we will go through the Regency’s choice of the contractor for the job and we will recommended the best suited incentives.
This report is organized into section as following: introduction, answers to the case study questions, conclusions, and references/bibliography.
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2- CASE STUDY – ANSWERS TO TMA QUESTIONS
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The contact is main element in each project. Preparing will design contact, which its scope covering all the aspect of the project that will help the both party the client and the contractor to manage their work in very efficient way to reach their target. In addition the most important element in construction project is good contractor selection. Selecting the good contractor it will help you to complete your project: on time, on budget and meeting high quality level. In this part we will discuss the contract preparation and the selection criterial of the Regency Plaza for its contractor. And we will see how the contact has affected the project schedule, budget and Quality of the project. As it’s clear for the case study that the project was not running well, also the project was behind the schedule and over budget.
1. Schedule of the project: During the preparation of the project the client should mention all the extra activities that have big impact on the project completion schedule. The strategy of the senior management of the Regency Hotel Group is to allowing buyers to customize their condominium units so long as he or she was willing to pay for any additional costs without putting in their consideration that this strategy has big impact on schedule of the project. And here are some
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