Project Buyout |
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Authors: | Darin C. Zwick Kevin R. Miller |
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Affiliation: | 1Project Engineer, Okland Construction, Tempe, AZ 85281-1646. 2Assistant Professor, Construction Management, Brigham Young Univ., Provo, UT 84602.
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Abstract: | Buyout is the transitional time between the preconstruction and the construction phases of a project. It is during buyout that purchase orders and subcontracts are issued. Most of the literature in construction addresses either estimating or project management but ignores the buyout time frame. This paper addresses how the buyout process attempts to reduce the ambiguities that occur during the transition from the preconstruction to the construction phase. |
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Keywords: | Project management Subcontracts Owners Financial factors Estimation |
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