Construction Management Department
BS in Construction Management
The “buyout” phase in terms of construction management is a transitional phase in construction that is integral to the overall success to a construction project. When done properly it can lead to a smooth and efficient construction phase, and if done poorly can lead to major setbacks of all variety. Quality Assurance measures are a great way to ensure that this process is done in a complete way so as to avoid the negative effects of a poorly executed project buyout. As technologies such as BIM (Building Information Modeling) grow the buyout process has become more involved and exact. Technologies add to what can be done during this phase of construction and greatly increase its efficiency while a landscape of increasingly complex contractual relationships add nuance and difficulty to each project. This paper seeks to combine new knowledge with compiled research in order to determine working guidelines to a successful project buyout. Knowledge from the industry was gathered through interviews with a project manager working in the San Francisco area in order to gain a firsthand look at how certain aspect of quality assurance have helped the project buyout process and how they could be improved further.