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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3 Corporate social responsibilities of a sustainable company

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...
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What is Value management

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...
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Why Remeasurement(Re measurable) contracts / Unit price contracts

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...
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What is Earned value management system (EVM)

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...
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What is the process of Mediation in construction

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...
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What is arbitration process in the construction industry?

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....
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What is alternative dispute resolution (ADR)

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...
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How to get Extension of time (EOT) in construction (3 Key reasons)

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...
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