▪ Percentage of Construction fee:

• This type of contracts is used for engineering

projects. Based on the resources and material
required, the cost for the construction is estimated.
•Then, the client contracts a service provider and pays
a percentage of the cost of the project as the fee for
the service provided.
 Selection of contractors
• Minimize the number of contractors from
controllability point of view.
❑ Status of the contractors- The contractor should be
a person of repute and holding rich experience in the
related field with an excellent track record.
❑ Competitive Price- The offer must be most
competitive in terms of price, quality and delivery. It
necessitates the collection of information and
knowledge about competing contractors
❑ Time Schedule- The contractor must adhere to the
agrees time schedules. Must have the capability to
draw resources and work as per plans & schedules.
❑ Performance Obligation- there must be provision of
performance guarantee to be issued by the contractor
and payment of penalty in case of failure.
 What is Human Resource
Management?

• HRM is a process of making the efficient and effective use

of human resources so that the set goals are achieved. It is
a function in organizations designed to maximize employee
performance in service of an employer's strategic
objectives.
Functions
• MANAGERIAL
✓Human Resource Planning
✓Organising
✓Directing
✓Controlling

• OPERATIVE
✓Recruitment and Selection
✓ Job Analysis and Design
✓Performance Appraisal
✓Training and Development
✓Wage and Salary Administration etc.