Contractors’ All Risks Insurance (CAR Policy)

What Is the Contractor's All Risks (CAR) Insurance? Contractor's all risks insurance is there to cover all the third-party injuries and damages to the properties. Mostly known as CAR policy,...
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Key stages of whole life cost (of a building)

Whole-life cost is a critical factor when a client is planning for a new building. Clients and representatives of clients (consultant or planning team) should analyze the whole life cycle cost of a...
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Design and Build Procurement/Design and Build Contracts in Construction

In the design and build contract/procurement method (also called as design and construct contracts), the contractor is appointed to design and built the project. In most other procurement methods,...
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Management contracting

Introduction Management contracting procurement method is using in large and complex projects. By using this procurement, method client can reduce their risk and transfer management...
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Design Problems & Design method

Strategy and classification of design problems The strategy is an essential factor in resolving any kind of a problem. As same as that, ‘design method’ is the term that uses in building...
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Project cash flow- Construction cost management

What we discuss here is, determining the actual flow of money for the contract duration by dealing with construction project cash flow. Also, the way to finalise the contract price. [lwptoc...
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3 – Subcontractors in construction industry

The maximum portion of tasks in a construction project is carried out by subcontractors. Most of the leading contractors in the modern construction industry are keen to use subcontractors than...
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Provisional sum/Day works/legislative adjustments in construction as per FIDIC 99

Provisional sums in construction under FIDIC 1999 Provisional sums in construction are the best guest values provided by the consultants at the tender stage, For works cannot be determined at the...
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Cost reimbursement contract/Cost plus Contracts

Cost reimbursement contract (cost plus Contracts) Cost reimbursement contract is also known as the Cost-plus contracts. Unlike the fixed price contracts, quantities are not prefixed in the...
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Variations in construction -under FIDIC 1999

Variations in Construction Variations are also called as change orders in construction. Any modification or change to works (agreed in the contract) is treated as a variation. These modifications...
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