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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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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