QS

Tendering process 1st step -decision to tender 1

Tendering process 1st step -decision to tender

The tendering process in construction-1st step Incorrect tendering and estimation process can lead a company into dangerous situations. Underestimation of a project can hurt owners and employees of the company at the construction stage. And overestimation can push the company out of the competition (tender rejections). Therefore any company should have a proper strategy or …

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6 most popular types of tendering methods in the construction industry 2

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 first is a standing offer under a maintenance work for a specified period, and this contract type is rare compared to others. The …

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6 Steps of Value Engineering Methodology 3

6 Steps of Value Engineering Methodology

Value engineering is also called value analysis in the construction industry, And it is the most crucial step in the value management process.  The Hard definition of Value engineering is, “Value engineering is the process of optimizing or improving project or product to deliver its maximum functionality or capabilities without spending much cost and without damaging the quality …

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3 Corporate social responsibilities of a sustainable company 4

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 are more concerned to find a way of sustainable developments. 1972 Stockholm earth summit has set out broad goals against the pollution. And the 1992 Rio de Janeiro …

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Value Management

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 definition, value management is the systematical method used to develop a project to achieve its utmost benefits for the users and owners. To do it, the …

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What is Earned value management system (EVM) 5

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 can provide several benefits. what are the advantages of the Earned value management system? An early indication of budget or time overrun More sensitive data for effectual …

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What is a Quantity Surveyor do (QS)? 6

What is a Quantity Surveyor do (QS)?

  What are Responsibilities of a Quantity Surveyor Above are the key tasks of a Quantity Surveyor, Below we have categorised all the responsibilities separately for pre-contract and post-contract stages. Pre- contract Quantity Surveyor as a Contractor’s representative. Taking off quantities. Preparation of BOQ. Pricing and Estimation. Preparation of BOM (Bill of Material). Analyzing and …

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