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Olympic ideal one of T5 procurement strategy

The Olympic Delivery Authority should use a T5-style construction management procurement strategy to ensure that Olympic projects are delivered on time and budget, an industry survey has found.
In a poll by Construction News website, nearly 60 per cent of more than 700 respondents said the ODA should use T5 cost-plus procurement to foster teamwork on the project.

Design and build contracts were favoured by 25 per cent, while 16 per cent said the authority should opt for lump-sum fixed price contracts, under which costs and delays have ballooned on the troubled Wembley Stadium project.

The ODA is due to announce its procurement strategy for the Olympics next week. It is expected to favour more collaborative construction practices.

In the 2012 Construction Commitments document launched last week, the ODA has committed itself to a 'an integrated project team working together to provide the best possible solution' with best practice adopted in design, teamworking and innovation.