20. 5PJMN002 Financial Objectives by Rob Garvey https://padlet.com/r_garvey/20_5PJMN002FO What are a client's financial objectives versus those of a contractor? en-us 2019-09-13 16:16:50 UTC 2024-11-06 07:15:11 UTC hello@padlet.com Web Address r_garvey https://padlet.com/r_garvey/20_5PJMN002FO/wish/764051465 padlet.com/r_garvey/20_5PJMN002FO]]> 2020-09-21 13:25:40 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/764051465 Client v Contractor r_garvey https://padlet.com/r_garvey/20_5PJMN002FO/wish/765040524 Add images / evidence to your commetns]]> 2020-09-21 16:42:20 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/765040524 Principal Contractors https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043244 They desire to produce an efficient and effective construction process where cost is kept in line with prior estimates. ]]> 2020-09-22 13:31:34 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043244 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043524 Spend within the budget ]]> 2020-09-22 13:31:37 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043524 Long term objectives - increased spend on products with a long lifecycle https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043661 2020-09-22 13:31:39 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043661 Minimal Cost https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043664 2020-09-22 13:31:39 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768043664 save money https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044118 2020-09-22 13:31:45 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044118 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044592 A product delivered on time and with budget.]]> 2020-09-22 13:31:52 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044592 project concept that they want to achieve under a certain budget and to meet specific requirements https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044807 2020-09-22 13:31:54 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044807 The client wants the best product possible for the minimum possible outlay in cost https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044833 2020-09-22 13:31:54 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044833 Shortest programme to practical completion https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044993 2020-09-22 13:31:57 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768044993 Sell packages for a lower cost. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768045044 2020-09-22 13:31:57 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768045044 Profit https://padlet.com/r_garvey/20_5PJMN002FO/wish/768045158 the contractor will try to maximise profit]]> 2020-09-22 13:31:58 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768045158 satisfaction and value for money https://padlet.com/r_garvey/20_5PJMN002FO/wish/768045404 2020-09-22 13:32:02 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768045404 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046303 Maintain or improve the predicted GPM

]]> 2020-09-22 13:32:12 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046303 Minimal cost with maximum value https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046619 2020-09-22 13:32:16 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046619 to deliver the project to the best possible standard whilst making as much profit as possible https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046725 2020-09-22 13:32:17 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046725 High Quality https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046858 2020-09-22 13:32:19 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768046858 Accurate pricing https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047130 2020-09-22 13:32:22 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047130 quality https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047253 2020-09-22 13:32:23 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047253 ensure project is within budget or under https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047280 2020-09-22 13:32:23 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047280 The premise as soon as possible in order to be able to lease to tenants for revenue https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047442 hence shorter programmes

]]> 2020-09-22 13:32:25 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047442 Lowest possible cost / High profit https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047584 2020-09-22 13:32:27 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047584 Someone who has the work carried out for you - ensure that it is well managed https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047725

]]> 2020-09-22 13:32:29 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047725 Investment in the construction project https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047858 2020-09-22 13:32:30 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047858 The contractor wants to build the cheapest product possible for the highest price to make profit. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047901 2020-09-22 13:32:31 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047901 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047974 saving money and getting a quality result of work

]]> 2020-09-22 13:32:31 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047974 Accurate work doing work in time https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047979 2020-09-22 13:32:31 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768047979 Maintaining assets value over a longer period of time rather than the duration of the build https://padlet.com/r_garvey/20_5PJMN002FO/wish/768048120 2020-09-22 13:32:33 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768048120 to avoid disallowed cost https://padlet.com/r_garvey/20_5PJMN002FO/wish/768048988 2020-09-22 13:32:43 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768048988 Want to achieve value for money https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049050 2020-09-22 13:32:44 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049050 fast turnover https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049147 2020-09-22 13:32:45 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049147 Ensuring the job is delivered safely and within the given timescale; taking into account not going over budget. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049246 2020-09-22 13:32:46 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049246 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049800 contractor is responsible for providing materials,labor,equipment
 and services necessary for construction of a project.]]> 2020-09-22 13:32:52 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768049800 Wants value for their money https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050097 2020-09-22 13:32:56 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050097 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050311 To find any viable cot savings and Value Engineer where possible]]> 2020-09-22 13:32:59 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050311 Minimise costs as well as maximise value https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050377 2020-09-22 13:32:59 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050377 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050700 Client will want their project at the least possible cost without compromising Quality, H&S etc.

]]> 2020-09-22 13:33:03 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050700 Under budget https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050817 2020-09-22 13:33:05 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768050817 Enough money left-over to give all the project team a healthy bonus https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051503 2020-09-22 13:33:13 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051503 meet target dates https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051660 2020-09-22 13:33:14 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051660 Offering the client value engineering options which may save them money and offer choice. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051860 2020-09-22 13:33:17 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051860 While the contractor doesn't want to spent more than they have to, paying cheap means you buy twice. Reliable subbies cost money. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051965 2020-09-22 13:33:18 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768051965 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768052517 getting more money from the client and also saving]]> 2020-09-22 13:33:24 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768052517 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768052554 Maximise profit]]> 2020-09-22 13:33:25 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768052554 to reclaim cost on timesheets for direct and indirect staff https://padlet.com/r_garvey/20_5PJMN002FO/wish/768053547 2020-09-22 13:33:35 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768053547 Principle contractor shall be responsible for all construction over a projects life cycle as well as any sub contractors. They are to plan, manage and monitor the supply of material and labour as well as the health and safety on site. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768054026 2020-09-22 13:33:41 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768054026 Continued business https://padlet.com/r_garvey/20_5PJMN002FO/wish/768054985 2020-09-22 13:33:52 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768054985 x https://padlet.com/r_garvey/20_5PJMN002FO/wish/768055297 Fining any possible Value Engineering Options available and getting the Client to agree to them

]]> 2020-09-22 13:33:56 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768055297 The contractor can demand more money from the client or deliver it in a more cost effective way https://padlet.com/r_garvey/20_5PJMN002FO/wish/768055576 2020-09-22 13:33:59 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768055576 The client wants the job done once, and done well https://padlet.com/r_garvey/20_5PJMN002FO/wish/768057300 2020-09-22 13:34:18 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768057300 Reputation could be damaged by using cheapest subbies if cost and quality compromised https://padlet.com/r_garvey/20_5PJMN002FO/wish/768057936 2020-09-22 13:34:25 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768057936 continued working relaitonship with client https://padlet.com/r_garvey/20_5PJMN002FO/wish/768058468 2020-09-22 13:34:32 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768058468 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768058777 Build relationships for future projects ]]> 2020-09-22 13:34:35 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768058777 increase profitability https://padlet.com/r_garvey/20_5PJMN002FO/wish/768059105 2020-09-22 13:34:39 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768059105 Pursuing value engineering options while ensuring the initial idea is somewhat similar. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768059658 2020-09-22 13:34:46 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768059658 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768059829 Contract will want to get a feasible profit margin ]]> 2020-09-22 13:34:48 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768059829 High quality workmanship (reduce defects) https://padlet.com/r_garvey/20_5PJMN002FO/wish/768060266 2020-09-22 13:34:53 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768060266 https://padlet.com/r_garvey/20_5PJMN002FO/wish/768060364 Make use of client cash flow efficiently]]> 2020-09-22 13:34:54 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768060364 Maintain the goodwill of the company by producing quality work https://padlet.com/r_garvey/20_5PJMN002FO/wish/768060798 2020-09-22 13:34:59 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768060798 Looks for variations once contract agreed https://padlet.com/r_garvey/20_5PJMN002FO/wish/768061645 2020-09-22 13:35:08 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768061645 provide best possible product within the budget to get further projects from clients https://padlet.com/r_garvey/20_5PJMN002FO/wish/768061716 2020-09-22 13:35:09 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768061716 The Clients objective is to give their prospective lease holder the best possible Project whilst Maintaining their usable budget. https://padlet.com/r_garvey/20_5PJMN002FO/wish/768062036 2020-09-22 13:35:13 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768062036 Avoid costly snagging lists, which can prevent retention being released https://padlet.com/r_garvey/20_5PJMN002FO/wish/768062310 2020-09-22 13:35:15 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768062310 Satisfying shareholders / investors https://padlet.com/r_garvey/20_5PJMN002FO/wish/768064423 2020-09-22 13:35:40 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768064423 objectives agreed within contract achieved https://padlet.com/r_garvey/20_5PJMN002FO/wish/768070299 2020-09-22 13:36:46 UTC https://padlet.com/r_garvey/20_5PJMN002FO/wish/768070299