The short norm for the "Liquidated damages" is known as "LD". The main intention of liquidated damage is to cover the client against the Contractor's time-related obligations. If the Contractor... Read More ⟶
PESTLE Analysis is an analysing strategy used in any kind of business or organisation. PESTLE analysis helps to analyse all external factors which affect businesses (organisations or projects). Some... Read More ⟶
Below blog post is a guest post written by John Adams. According to him, John Adams is a paralegal who writes about widespread legal and social issues.
Construction or renovation of a house... Read More ⟶
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 ⟶