What is Life cycle costing

Life cycle costing-Explain with a simple example Whole life cycle costing (in construction) is the process of evaluating and estimating the total costs involved for building a project from the...
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Construction cost calculation- Calculate unit price for Rate brake ups

Cost Estimation Construction cost calculation is not an easy task? Earlier estimators who worked in the industry estimated construction costs based on one assumptions. In those times...
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Construction risk assessment at tender stage

In construction, Risk assessments are a very important factor in each stage of a project. Before the construction at the tendering stage, the contractor should do a proper risk assessment. There are...
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Tendering process 1st step -decision to tender

The tendering process in construction-1st step Incorrect tendering and estimation process can lead a company into dangerous situations. Underestimation of a project can hurt owners and employees...
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Quick Guide to extension of time claims (EOT Claims)

Extension of time claims(EOT claims) are the most discussed type of claims in the construction industry, the Main intention of this article is to give you a better understanding of EOT claims....
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How to form a valid contract with 4 Key elements

A legally binding agreement between two or more parties is treated as a contract. As a Quantity Surveyor, it is essential to know the key elements of a valid contract.  Before we move on to key...
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6 most popular types of tendering methods in the construction industry

There are various types of tendering methods, to analyze, negotiate and award a project to a contractor. But We can only identify two types of contractual bindings in the construction industry. The...
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6 Steps of Value Engineering Methodology

Also called as value analysis and one of the most important steps in the value management process. Value engineering is a methodical process to transform the project into its most functionality with...
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