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,... Read More ⟶
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... Read More ⟶
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,... Read More ⟶
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.
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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... Read More ⟶
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... Read More ⟶
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... Read More ⟶
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... Read More ⟶