A procurement method introduced by Constructing Excellence and the Cabinet Office where a client invites prospective integrated teams to bid for a project based on their ability to deliver an outline brief and cost benchmark In the two-stage, open-book bidding process, an outline bid and benchmark cost are provided to prospective project teams. Following the first stage, […]
Distributed Ledger Technology (DLT) is an encrypted and distributed database that serves as a register for storing records of transactions. At the core of DLT is a data model that uses cryptography for transactions, allowing updates and verifications depending on the specific blockchain network and stakeholder objectives
The blockchain is a transaction database shared by all nodes involved in the system based on the Bitcoin protocol. It is a data structure consisting of linked blocks (e.g. confirmed financial transactions) that refer to or refer to earlier ones and form a chain in linear chronological order. A full copy of any transaction that […]
a measure of ability to perform and function [cited from ISO 19650-1:2018(en), 3.3.18]
Sustainable procurement — Guidance
Contractor’s proposals (CP) in AEC industry refer to documentation prepared by tenderers for design and build projects or on a traditional contract where the bidder is to design specific parts of the works in response to employers’ requirements. The Employer’s Requirements (ER’s) are often referred to as Employer Information Requirements (EIR) referencing the superseded PAS […]
Resources Description Framework (RDF) major component of the semantic web as they provide a means for identifying resources with Namespace (NS)
Various key characteristics of CM@Risk include: there are separate contracts for design services and for construction services; the contract for construction services may be entered into at the same time as the contract for design services, or at a later time; design and construction of the project may be in sequential phases or concurrent phases; […]
An explicit description by a Customer of all the actual requirements that must be satisfied by the Performer in order for the Customer to feel that he or she received exactly what was wanted.1 1 The Massachusetts Port Authority, 2015. BIM Guidelines for Vertical and Horizontal Construction.
A contract type There is a sequential award of two separate contracts; the first contract is for design services; the second contract is for construction; design and construction of the project are in sequential phases; finance services, maintenance services and operations services are not included.1 1 The Massachusetts Port Authority, 2015. BIM Guidelines for Vertical […]
