The future of property management unfolds.In recent years, a new project management process has evolved in construction that can have a notable impact on real estate and future development in our region. The new concept is called "partnering," and it has proven successful in avoiding litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. by driving the projects to come in on-time and within budget. The results are eye-opening and show partnering superior to traditional construction management techniques. Initially developed by the US Army Corps of Engineers, partnering has been gaining acceptance during a period when most construction projects have been in the public sector. Not surprisingly, partnering is making its greatest inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ here. What is surprising is the success and the response by the sponsor agencies. The U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. now requires partnering on major projects as does the Federal General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. . The Army Corps of Engineers reports that since 1989 it has built more than $8 billion in projects without single claim escalating to litigation. By contrast, statistics show that 67 percent of construction projects end up in court and 75 percent of these cases involve contractor claims based on delays and resulting cost overruns Noun 1. cost overrun - excess of cost over budget; "the cost overrun necessitated an additional allocation of funds in the budget" cost - the total spent for goods or services including money and time and labor . In our region, such agencies as the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. School Construction Authority, the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Facilities Development Corporation and the Office of Mental Health all incorporate partnering into their projects. The New Jersey and Connecticut departments of transportation also advocate partnering as do the departments in Arizona, California and Kansas. Opportunities In The Private Sector Partnering can play a significant role in commercial and other private sector real estate development. With its emphasis on reducing delay and costly cost-overruns, the process can help insure the success of a venture and keep cash-flow projections on schedule. Partnering's potential to eliminate some of the roof causes of construction disputes can be realized as developers, lenders and investors learn more about it. In essence, partnering is the logical progression from alternate dispute resolution, which is gaining a following in the development, construction and legal circles. For example, making a telephone call to discuss a potential change instead of firing off a threatening letter can produce an amicable resolution of an issue and not be the first step in an upward spiral of blame and acrimony ac·ri·mo·ny n. Bitter, sharp animosity, especially as exhibited in speech or behavior. [Latin  crim that ends up in a court battle.
What Is Partnering? Partnering is an on-going process that involves: * A workshop or retreat to launch the project prior to construction; * Daily implementation and prompt problem solving problem solving Process involved in finding a solution to a problem. Many animals routinely solve problems of locomotion, food finding, and shelter through trial and error. by project team members, before and during construction; * Monthly partnering reviews; * Quarterly or semiannual partnering workshops or retreats. Partnering represents a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. in the relationship among the parties to a development and construction process. Therefore, it requires new, win-win attitudes and open proactive communication rather than the win-lose view, blame-setting and finger-pointing that normally prevails. A growing number of corporations and government agencies are discovering that partnering works. Money and time are being saved and projects are completed to the owner's satisfaction and in an atmosphere of teamwork. |
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