Introduction To By Grant Tod FCIOB (Founder) www.bstructured.co.uk #minrisk2maxmargin
Introduction To
By Grant Tod FCIOB(Founder)
www.bstructured.co.uk #minrisk2maxmargin
Brief History:
Grant Tod:• Graduated in 1999 from University of Paisley (now University of West of Scotland) with a BSc
(Hons) in Construction Management• Achieved MCIOB status (Member of the Chartered Institute of Building) in 2002 and FCIOB
status 2017• Over the last 20 years worked for a mixture of specialist subcontractors & main contractors
QS Advisor Limited/Bstructured:• Bstructured is a brand name of QS Advisor Limited• QS Advisor was formed in 2012• Focusing on providing a proactive & flexible Quantity Surveying Solution for Small to
Medium Sized Contractors, Sub-Contractors & Specialists• QS Advisor Limited is a Chartered Building Consultancy (CBC), which is regulated by the
Chartered Insitute of Building (CIOB)
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CONTACT DETAILS:
GRANT TOD; FOUNDER OF BSTRUCTURED (PART OF QS ADVISOR LIMITED)
E-MAIL: [email protected]
LINKEDIN: www.linkedin/in/granttod
WEBSITE: www.bstructured.co.uk
www.bstructured.co.uk #minrisk2maxmargin
Value Proposition Statement:
Our strategy platform is for small to medium sized contractors, subcontractors & specialists.
This project tool collaborates the commercial and contract management tools from inception to completion of your project obligations.
Our product is a must to enhance margin expectations by mitigating risk from the start and through the currency of your project.
It provides an easy to use and concise step by step format.
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What is Bstructured:• Lets start off with a definition for structured:
“having definite and highly organised structure”• What does this mean for you:
• Have a method from getting from A to B, but in a more logical/less risky approach• A is the commencement of your involvement with the project• B is the completion of all your requirements/obligations of the project (i.e. where you
can close the book!)• It consists of several key tools/methods used during the currency of a project. It is split into 3 key
Phases:• Pre Contract Phase• Construction Phase• Post Contract Phase
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• It brings together the key members of the construction team by:• Making the whole team accountable• The need for teamwork• Collaboration between the team• There is no them or us anymore within the team
• This collaboration/teamwork will not only assist with mitigating risk, but also:• Eliminate high % of non-recoverables• Minimise programme implications• Make supply chain more accountable• Maintain margin/margin betterment
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AIM:
ABOVE ALL IT IS TOOLS TO MINIMISING RISK BY MAXIMISE MARGIN!!
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Pre-Contract Phase Construction Phase
Post-Contract Phase
The Bstructured
MethodOr (as we
like to call it):“The
SynergyStrategy”
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This is where:• The three main Phases are working together (i.e. in synergy).• Each division has merits that if not completed successfully will not allow the other two divisions to
have a successful transition• If all divisions are working together you have a solid structure that will last
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IF ALL DIVISIONS ARE NOT WORKING TOGETHER THIS IS WHAT HAPPENS:
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Pre-Construction
Phase Construction Phase
Post-Contract Phase
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NOT AGOOD DESIGN
ADESIGN
THATIS
FLAWEDWITH:
• Inconsistencies• No collaboration• Resulting in
RISK RISK RISK!!!
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This process uses and adopts the use of a group of professionals to collaborate, engage, coach & mentor your business into a structure that can:
“Minimise Risk To Maximise Margin”
Project Management
Commercial Management
Business Accounting
Planning
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SO LETS LOOK AT EACH DIVISION IN TURN
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Pre-Construction Phase
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Tender Review &
Submission
Project Award
& Contract
Tender Enquiry
Cost Control
Internal Handover
Planning
Supply chain
management
Cashflow Control
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Construction Phase
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Change Manage
ment
External Meetings
Payments Cost Control
Internal Meetings
Planning
Supply chain
management
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Completion
Post-Contract Phase
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Change Manage
mentExternal
MeetingsPaymen
tsCost
Control
Internal MeetingsPlanning
Supply chain
management
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PRE CONTRACT PHASE : BREAKDOWN OF EACH SUB PHASE
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Pre-Contract Phase
Tender Enquiry
Tender Review &
Submission
• Tender Enquiry Letter
• Tender Build Up sheet
• Tender Qualification Sheet
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Cost Control
• CVR/Cost Report
• Prelim Sheet
Internal Handover
Planning
• Estimators Handover Minute
• Prelim Sheet
• Cashflow Projection/Forecast
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Project Award & Contract
• Contract Checklist
• Sample Responses if issues
• Sample response if no issues
CONSTRUCTION PHASE : BREAKDOWN OF EACH SUB PHASE
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Planning
• Procurement Schedule
• Daily Site Diary• Request for
Further Information (RFI’s)
Change Management
• Change Control Register
• Variation procedures
• Architects/client’s instructions
• Instruction Schedule
• Confirmation of Verbal Instruction (CVI’s)
• Instructions to Supply chain
• Delay Notice (EOT)
• Early Warning Notice (EWN)
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Valuation &
Cost Control
• Forecast Final Account (FFA)
• CVR Template
• Valuation/AFP Template
• Financial Position per Contract
• Default notice to client
• Invoice Template
• Cash Position Schedule
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External Meetings
Internal Meetings
• Contract Review meeting & minutes
• Cash Position Schedule
• Commercial/H&S/Contract position
• Ongoing lessons learned
• Progress report
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Supply chain management • Letting Analysis
• Main Sub-order content
• Letter of Intent
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Payments to Subcontractors
• Subcontractor Payments
• Payment Notices• Payless Notices• Subcontractor
Val Cert Breakdown
• Subcontractor Performance on site
• Subcontractor damage on site
• Subcontractor defective work/material notice
POST CONTRACT PHASE : BREAKDOWN OF EACH SUB PHASE
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Post Contract Activities
• Subcontractor Final Account Statement
• Internal Post Contract Meeting
• Chasing Retention Monies
Conclusion:
• Each systematic step goes from commencement to completion• These steps together bring the tools necessary for
teamworking/collaboration• It mitigates the blame culture as it makes everyone accountable
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The end result; Minimising Risk by Maximum Margin!!
www.bstructured.co.uk #minrisk2maxmargin
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CONTACT DETAILS:
GRANT TOD; FOUNDER OF BSTRUCTURED (PART OF QS ADVISOR LIMITED)
E-MAIL: [email protected]
LINKEDIN: www.linkedin/in/granttod
WEBSITE: www.bstructured.co.uk
www.bstructured.co.uk #minrisk2maxmargin