What is this extension of time or EOT The contractor is always eligible for an EOT (extension of time) whenever unexpected causes delays the project works. If the contractor is requesting an EOT, He should request it based on the reasonable terms. The contractor cannot ask an extension due to delays caused by himself. evenContinue reading “How to get Extension of time (EOT) in construction (3 Key reasons)”
Author Archives: raoneqs
Procurement methods in Construction/ types of contracts
What is procurement means to the construction industry? Meaning of Procurement in everyday language is the action of acquiring or obtaining process of any kind of service or commodity. When its come to the construction industry acquiring or obtaining strategy is a time-consuming and costly process. Therefor different type of contract processes are there asContinue reading “Procurement methods in Construction/ types of contracts”
5 pros & cons of Lumpsum Contracts or Fixed price Contracts (with video explain)
What is a Lump sum contract or Fixed price contract Lump sum contracts are the most favourite contract (procurement) type used in the construction industry. Also known as fixed-price contracts. Because in these contracts, the contract price is fixed and agreed at the initial stage. In industry, this contract type is recognizing as one ofContinue reading “5 pros & cons of Lumpsum Contracts or Fixed price Contracts (with video explain)”
Lump sum or Fixed price Contracts
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Letter of intent in construction & how to write?
Why Letter of intent in construction or any other trade? The Letter of intent in the construction industry? The Letter of intent or the Letter of interest is a highly controversial subject in the construction industry. People always mixed up the Letter of intent with Letter of award (LOA), Comfort letter or Contract awarded Letter. But usually, Letter of acceptance or Contract awarding Letter is issuedContinue reading “Letter of intent in construction & how to write?”
What is the letter of Intent?
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What is a Quantity Surveyor do (QS)?
What are Responsibilities of a Quantity Surveyor Above are the key tasks of a Quantity Surveyor, Below we have categorised all the responsibilities separately for pre-contract and post-contract stages. Pre- contract Quantity Surveyor as a Contractor’s representative. Taking off quantities. Preparation of BOQ. Pricing and Estimation. Preparation of BOM (Bill of Material). Analyzing andContinue reading “What is a Quantity Surveyor do (QS)?”
Quantity Surveyor (QS)?
This article has moved. Read the updated version: What does a Quantity Surveyor do (QS)?