Comparison of Turnkey Conference Hall Construction and PMC Model
Introduction
There are two basic options for investors in conference hall construction: turnkey model and PMC (Project). Management & Consultancy) model. Both approaches have different advantages and disadvantages. The right model varies depending on the investor's budget, understanding of risk and perspective on the project. Model
In turnkey conference hall construction, the investor agrees with a single contractor. The contractor undertakes the entire process, including design, material supply, labor, installation, acoustic regulation, sound-light-video systems and maintenance. Since the investor works with a single interlocutor, the workload is minimal.
The biggest advantage of this model is speed and clarity of responsibility. The project progresses with the initially determined budget and any surprise costs belong to the contractor. However, due to the contractor's profit margin, the total price often appears higher than other models. Additionally, the investor sees less transparency on the process.
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PMC Model
In PMC, the contractor does not undertake the entire process. The investor makes the material and labor payments directly, and PMC manages this process. Here, the investor is like the owner of the business and the PMC is like his experienced consultant and project manager.
The advantage is this: the investor sees all the items transparently. He can choose the material according to his own budget, pays directly for labor. The PMC side finds the right suppliers, performs quality control, and ensures that the work is delivered on time and correctly. In this way, the investor gains both a cost advantage and a professional control mechanism.
The disadvantage is that the investor needs to be more involved in the process. Since he will make the payments himself, he may feel an additional burden from time to time. In addition, the responsibility for the work does not lie entirely with the contractor, but between the investor and PMC. shared.
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Comparison
Key In the delivery model, the investor feels comfortable; The contractor manages every detail of the job. But higher cost may be paid. In the PMC model, the investor can complete the project at a lower cost and keeps every item under control. On the other hand, it needs to be a little more involved.
Neither model is bad, just different types of customers. It is suitable. Model?
Investors who have limited time and do not want to get involved: Turnkey model.
Investors who want to manage their budget more carefully and prefer to keep payments under control: PMC model.
Small institutions building a conference hall for the first time: Turnkey, because the process is simpler visible.
Investors who have dealt with similar projects before and know the market: PMC, because transparency and cost advantage provides.
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Regional Approaches
In Turkey, most investors prefer turnkey delivery due to time pressure. However, PMC provides a serious advantage for budget-sensitive schools, private institutions and some municipalities. Since speed is a priority in the Gulf countries, turnkey delivery prevails. In Central Asia, the PMC model is more common as investors generally seek cost advantages. While PMC is common in Europe due to the high demand for transparency, turnkey is preferred in rapid renovations.
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Conclusion
Key Delivery and PMC models are not competing with each other, but rather methods that respond to different customer needs. While the turnkey model provides speed, convenience and the advantage of a single contact person; The PMC model provides transparency, cost control and the investor's say in every stage of the business. Nish Global is experienced in both methods and can objectively recommend the most suitable model for the investor. Nish Global Engineering. All rights reserved. It cannot be copied or reproduced without permission.