Whole-life cost in the complete project life cycle is a critical factor when a client is planning for a new building. Clients and representatives of clients (consultant or planning team) should... Read More ⟶
What we discuss here is, determining the actual flow of money for the contract duration by dealing with construction project cash flow. Also, the way to finalise the contract price.
[lwptoc... Read More ⟶
The maximum portion of tasks in a construction project is carried out by subcontractors. Most of the leading contractors in the modern construction industry are keen to use subcontractors than... Read More ⟶
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... Read More ⟶
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... Read More ⟶