What's Arbitration (what is the process & definition)

What is the process of construction arbitration?

What is the construction arbitration process in the? Arbitration, mediation, litigation. These words are very common in the construction industry. Because the industry is full of disputes. There are a handful of ways to resolve disputes in the construction industry. But arbitration is the most famous method of resolving contractor and client disputes. In the …

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What is (ADR) Alternative disputes resolution

What is alternative dispute resolution (ADR)

What is ADR or alternative dispute resolution in construction? Litigation is the traditional method of resolving disputes in the construction industry. But Litigation process takes much time and cost to solve the problems. Also, the process of litigation can ruin the relationship between the parties involved in the dispute. Arbitration is the next favourite method …

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EOT

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 should request it based on the reasonable terms. The contractor cannot ask an extension due to delays caused by himself. even …

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Procurement methods/ Contract types in Construction

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 as …

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lump sum contract/ fixed price contract

5 pros & cons of Lump sum Contracts/Fixed price Contracts (with video explain)

What is a Lump sum contracts or Fixed price contract 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 contract price is fixed and agreed at the initial stage. In industry, this contract type is recognizing as one of the safest …

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Letter of intent construction

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 issued …

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What is a Quantity Surveyor do (QS)? 1

What is a Quantity Surveyor do (QS)?

  Quantity Surveyor mainly involved in the cost control process of a project as well as the handling of the contractual matters of the project. They are working for all the stakeholders in the construction industry (Clients, Contractors, Consultants, Suppliers, sub-contractors etc.). In some countries, they called cost managers, Cost control engineers, commercial managers or cost engineers. What are …

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