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With the traditional design–bid–build process, a complete set of construction documents and specifications describes what the builder agrees to build and serves as the heart of the contract. On Fast-track projects, the design, construction documents and specifications are incomplete, so setting the final cost presents problems.
The facility was built by a public–private partnership known as LAX ConRAC Partners, a consortium of 11 companies led by PCL Construction. [3] Los Angeles World Airports (LAWA), the operator of LAX, awarded the consortium a $2 billion contract, with the construction and operations phases of the facility each costing about $1 billion. [4]
Turnaround is a blanket term that encompasses more specific terms such as I&Ts (inspection and testing), and maintenance. Turnaround can also be used as a synonym of downtime . Related terms are shutdowns, and outages [ 1 ] sometimes written as Turnarounds, Shutdowns, and Outages (TSO).
Turnaround management does not only apply to distressed companies, it, in fact, can help in any situation where direction, strategy or a general change of the ways of working needs to be implemented. Therefore, turnaround management is closely related to change management, transformation management and post-merger-integration management.
This base designed to ensure the quick turnaround of vessels for the North Sea oil and gas industry. It is use by oil platform support and anchor handling vessels, tankers and bulk carriers. [27] North Base The North Base has the breakwater and the North Base Jetty. The jetty is an open pile concrete jetty offering two berths, one at each side.
The following video is part of our "Motley Fool Conversations" series, in which technology editor/analyst Andrew Tonner and consumer goods editor/analyst Austin Smith discuss topics across the ...
The following junction types typically permit U-turns but are not designed specifically for that purpose. Normal at-grade intersections on divided highways often allow traffic traveling on the divided highway to perform a U-turn, often when there is a green light for traffic turning onto the side road, crossing the opposing lanes (left turns in countries where traffic drives on the right ...
The consulting firm Russell Reynolds, which also tracks CEO changes, said high turnover shows growing risk appetites and "a desire for leaders who can navigate increasing complexity in the macro ...