What is selective tendering?

Among various types of tendering methods, selective tendering allows only selected vendors to place bids. In other words, only prequalified vendors can put their proposals in the bidding process. Selection criteria for prequalification may be set based on the nature of the project, vendor’s capabilities and past performances. In most cases, clients are requesting vendorsContinue reading “What is selective tendering?”

Why Work breakdown structure is No 01 important for a project?

Proper coordination and planning are the vital ingredients of a successful project. A project consists of many unimaginable tasks and work elements. The secret of accurate planning is identifying these many tasks, dividing them into small manageable tasks, and creating coordination between tasks. A work breakdown structure (WBS) is a systematic and refined way ofContinue reading “Why Work breakdown structure is No 01 important for a project?”

Why Quantum meruit claims are controversial in the industry?

Quantum meruit meaning? “Quantum meruit” is a Latin phrase that means “as much as he has deserved.” A reasonable remuneration or compensation deserves work done by a person or organization based on a retroactive agreement called quantum meruit.  Quantum meruit claims in the Construction industry What are these quantum meruit claims? When a contractor has executed aContinue reading “Why Quantum meruit claims are controversial in the industry?”

Difference between Arbitration and mediation

Arbitration and mediation are the most famous conflict resolution methods after the litigation. Unlike the litigation process, these methods resolve conflicts without harming the relationship between conflicted parties. This article discusses the difference between Arbitration and mediation and the similarity between arbitration and mediation. What is the process of arbitration? Based on the presented evidenceContinue reading “Difference between Arbitration and mediation”

Liquidated damages/Delay damages in construction

The short norm for the “Liquidated damages” is known as “LD”. The main intention of liquidated damage is to cover the client against the Contractor’s time-related obligations. If the Contractor breaches the contract, the client can ask (deduct) predetermined sum agreed as “liquidated damages” or “Delay damages”. The principal of Liquidated Damages/ Delay Damages LetContinue reading “Liquidated damages/Delay damages in construction”