QS

WBS

Why Work breakdown structure is No 01 important for a project?

Proper coordination and planning are the vital ingredients of a successful project. A project consists of many unimaginable tasks and work elements. The secret of accurate planning is identifying these many tasks, dividing them into small manageable tasks, and creating coordination between tasks. A work breakdown structure (WBS) is a systematic and refined way of …

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Liquidated damages/Delay damages in construction 1

Liquidated damages/Delay damages in construction

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 breaches the contract, the client can ask (deduct) predetermined sum agreed as “liquidated damages” or “Delay damages”. The principal of Liquidated Damages/ Delay Damages Let …

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engineers looking at blueprint

10 Things your House Contractor won’t tell You-Guest Post

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 sounds exhilarating, especially when you are deciding on color schemes, flooring, woodwork, and other aspects of interior design. If you get lucky, …

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Contractors’ All Risks Insurance (CAR Policy)

Contractors’ All Risks Insurance (CAR Policy)

What Is the Contractors’ All Risks Insurance/ CAR Policy? Contractors’ All risks insurance is there to cover all the consequential risks and third-party injuries plus any damages to the properties. Mostly known as CAR policy, the Contractors’ All risks insurance includes mainly the contractor, client and some time subcontractors. Most importantly, the contractor can cover …

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Whole life cost

Key project life cycle stages & whole life cost (of a building)

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 analyze the whole life cycle cost of a building at the very initial stage of the planning. This(Whole life cost analysis) should produce along …

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Life cycle cost

What is Life cycle costing

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 design stage to disposable stage. The building life cycle can divide into four key steps.  Planing & Design stage Construction stage Operation stage (maintenance & …

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