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The construction manager can be the hospital trustee's ally
Trustee : the Journal for Hospital Governing Boards
|January 11, 1983
Summary
Construction managers provide crucial cost estimating expertise for hospital trustees. This aids in securing certificate-of-need authorization and bond financing for healthcare construction projects.
Area of Science:
- Healthcare Administration
- Construction Management
- Financial Planning
Background:
- Securing financing and regulatory approval for hospital construction is complex.
- Trustees require expert guidance for major capital projects.
Purpose of the Study:
- To demonstrate the value of construction manager expertise in hospital project financing.
- To illustrate the application of cost estimating skills in certificate-of-need processes.
Main Methods:
- Case study analysis of two hospital construction projects.
- Examination of cost estimating and financial planning strategies.
Main Results:
- Accurate cost estimating by construction managers facilitates trustee decision-making.
- Expertise streamlines the certificate-of-need authorization and bond financing acquisition.
Conclusions:
- Construction managers play a vital role in the financial and regulatory success of hospital projects.
- Effective cost estimating is essential for navigating healthcare capital project complexities.