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, theContinue reading “What is Value management”
Tag Archives: Construction Management
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 theContinue reading “What is the process of construction arbitration?”
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 methodContinue reading “What is alternative dispute resolution (ADR)”