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CMGT 430

CMGT 430. THE TEAM OF DESIGN BUILD CHAPTER THREE. GOALS. PROPER DESIGN GOOD CONSTRUCTION MEET GOALS PROPER SERVICE DELIVER THE PROPER PRODUCT FOLLOW UP PROPER COMMUNICATION DEFINE ALL RESPONSIBILITIES. WHO SHOULD LEAD?. DESIGN PROFESSIONAL CONTRACTOR ADVANTAGES/DISADVANTAGES

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CMGT 430

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  1. CMGT 430 THE TEAM OF DESIGN BUILD CHAPTER THREE

  2. GOALS • PROPER DESIGN • GOOD CONSTRUCTION • MEET GOALS • PROPER SERVICE • DELIVER THE PROPER PRODUCT • FOLLOW UP • PROPER COMMUNICATION • DEFINE ALL RESPONSIBILITIES

  3. WHO SHOULD LEAD? • DESIGN PROFESSIONAL • CONTRACTOR • ADVANTAGES/DISADVANTAGES • COLLABORATION LOGICAL APPROACH • NEW BUSINESS ENTITY: • JV • TEAMING AGREEMENT • LIMITED LIABILITY CORPORATION • S CORPORATION

  4. JOINT VENTURE • ONE TIME • SPECIFIC PROJECT • DESIGN AND CONSTRUCT • LICENSING OF BOTH DP AND CONTRACTOR • OBLIGATIONS, RIGHTS, RESPONSIBILITIES: LEADER, DESIGNERS, ERRORS, FOLLOW UP, LIABILITY, COMPANSATIONS, CHANGES, SUPERVISION, DEFECTIVE • TEAM AGREEMENT… AGC 499

  5. THE LIABILITY CORPORATION, LLC • LIABILITY PROTECTION • ADVANTAGES: • NO CORPORATE RESOLUTION IS NEEDED • TAILORD FROFITS • NO FORMAL MEETINGS ARE REQUIRED • NO DOUBLE TAXES.

  6. LLC • DISADVANTAGES: • LLC IS DISSOLVED WHEN A MEMBER DIES OR UNDERGOES BANKRUPCY • LENDING INSTITUTIONS ARE RELUCTANT TO PROVIDE FUNDS. • OWNERS MAY BE RELUCTANT TO DO BUSINESS WITH LLC BECAUSE OF ITS SINGLE SUBJECT NATURE. • IT IS ONE TIME DEAL

  7. THE S CORPORATION • IRS MUST RULE ON THIS FIRST • DIADVATAGES: • PERSONAL LIABILITY OF INDIVIDUALS • ONE CLASS OF STOCKS CAN BE ISSUED • LESS CONTROL OVER THE BUSINESS • IT IS LESS ATTRACTIVE TO OUTSIDE INVESTORS • MAX OF 75 SHAREHOLDERS • MUST CONDUCT MEETINGS AND KEEP RECORDS. • SHAREHOLDERS MUST BE U.S. CITIZENS.

  8. THE PARTNERSHIP • DOCUMENT LISTING, RIGHTS, RESPONSIBILITIES AND OBLIGATIONS OF EACH PARTNER • NO LEGAL PROTECTION AGAINST CLAIMS • EACH PARTNER IS RESPONSIBLE/LIABLE

  9. R.A. OR CONTRACTOR LED TEAM • WHO IS BEST SUITED TO LEAD? • INHOUSE • OUTSIDE • EXPERIENCE • PROJECT • ADVATAGES/DISADVANTAGES • DISCUSSION

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