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Some argue that Quick Response Manufacturing differs from Quick Response (QR) methods used in the apparel industry and the fast fashion market. QRM is a companywide management strategy applicable to a wide variety of businesses, whereas QR primarily stands for a specific business model in a particular industry. [ 3 ]
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.
Facilities usually also feature a Quick Turn Around (QTA) area either on-site or at a nearby location, where light maintenance of vehicles can be conducted including cleaning, fueling, and inspection of engine fluids. There can be several QTA areas operated by the different companies, or the services can be shared. [1]
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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]
Certified Turnaround Professional [8] CTP: Turnaround Management Association: Registered Financial Planner [9] RFP: Registered Financial Planners Institute: Financial Risk Manager: FRM: Global Association of Risk Professionals: Professional Risk Manager: PRM: Professional Risk Managers' International Association: Strategic Communication ...
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Construction robots are a subset of industrial robots used for building and infrastructure construction at site. [ 1 ] [ 2 ] Despite being traditionally slow to adopt new technologies, 55% of construction companies in the United States, Europe, and China now say they use robots on job sites. [ 3 ]