Why Corporate social responsibilities (CSR activities) are essential? Because the World population is highly growing and the resources are becoming scarce day by day. Peoples and organizations... Read More ⟶
What is this Value Management in the construction industry? Most of the people are misunderstood that value management is the method to reduce the cost of construction. As per the correct... Read More ⟶
The re-measurable/remeasurement contract is the most popular type of contract used in the former construction industry. But even so, large construction companies are using this method to hire... Read More ⟶
Earned value management system (EVM) is a practice which project management professionals developed to evaluate performance & progress of a project. Implementation of this system in a project... Read More ⟶
In the process of mediation in construction, all the parties are agreeing and appointing a neutral third party (person) as a mediator. The mediator should be a qualified and expert person in the... Read More ⟶
What is arbitration process in the construction industry? Arbitration, mediation, litigation. These words are very common in the construction industry. Because the industry is full of disputes.... Read More ⟶
What is the alternative dispute resolution (ADR) in construction?
Litigation is the traditional method of resolving disputes in the construction industry. But Litigation process takes much time and... Read More ⟶
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... Read More ⟶
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... Read More ⟶
What is a Lump sum contracts
Lump-sum contracts are the most favourite contract type used in the construction industry. Also known as fixed-price contracts. Because in these contracts, the... Read More ⟶