A regional hospital trust anticipates a significant increase in hospital admissions in the coming winter (about 7 months from now) due to the ongoing COVID-19 pandemic. As a result, it requires an additional 250-bed space. Your employer has been approached to advise the client (i.e. the hospital) on the various stages of the project up to the point of selecting a contractor. (a) Your team is to make a case for (i.e. justify) the management contracting procurement option to the client. In no more than 100 words, explain the strengths and weaknesses of this approach in the context of this project. [5 marks] (b) The client has set a £35 million budget for the construction. Your boss has recommended that contractors are invited to tender for the works based on a target cost with a gain/pain share mechanism built into it. In no more than 100 words, explain what this means. [5 marks]
