4.1 Evaluation of Kris Hodgkins’s five options
Hodgkins had five different options available that could be taken. Below is the summary of the five options and their advantages and disadvantages. Kris’s options | Advantages | Disadvantages | 1. Inform the Millers that it was too late to customize the unit | * No extra costs for the general contractor * Construction schedule would not be delayed * The Millers could customize and control costs themselves | * It would disappointed the Millers * The entire floor might be affected if the Millers customize the unit after closing * Require extra coordination | 2. Push through the changes | * Minimize the demolition work required * It would satisfied the Millers if the cost is acceptable | * Might affect the sales * Putting the unit on hold for quotes would be costly * Unclear responsibility to pay for the hold | 3. Hire a small general contractor to finish the unit before closing | * Can customize the unit * Can work at the same time for different units * Minimum discontent to current contractors | * Very costly thus quotes would be very expensive * Vandalism and violence could result from labour conflicts, not easy to manage two contractors * Unclear responsibility for the two contractors | 4. Stop work on the unit and hand it over empty to Millers | * No extra costs to the general contractor * Millers could finish the unit at their convenience | * Banks unlikely to lend money for the project * Minimize customer pool * Reduce control over the project * Continuing construction might affect the hotel | 5. Move the Millers to a higher floor | * Minimize the costs to Kelly * Loosen the time constraints * Construction could continue on the other floors, thus more convenient to general contractor | * Higher units are more expensive * Randolph would