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Cost-benefit analysis is a comprehensive project appraisal technique used by both public and private organizations to aid in complex investment decisions. It Assesses the input costs and output benefits …
The design brief is the project management document that consists of information about the client and client’s requirement such as space, use, look and comfort building. It outlines business …
Disputes are inevitable part of construction industry irrespective of size and complexity of projects. They not only waste money, but also reduce profitability and relationship amongst project stakeholders. In …
Construction Risk Management – Introduction In theory, risk is usually defined as a positive or negative deviation of a variable from its expected value or status. But, generally risk …
Key Construction Management Professionals: Introduction Prior to understand the roles and responsibilities of construction management staff, it is recommended to understand some key words. • Professional – A person …
Client satisfaction and understanding of the process is a vital factor affecting the construction industry’s business. Early days, every countries and construction companies were using different work flow and …
Introduction to Value Management Value Management focuses to find a balance between the cost and performance of any project. In simple terms, it can be defined as care and …
Basic things you should know about tender documents – Part 01 Specifications Specification is one of the vital document needed for bidding process. It describes dimensions, properties of materials …
Tender It refers to the submission given as a reply for an invitation by a potential contractor or vendor. It gives an offer to obtain services or goods. Although …
How to select a contractor ? Contract – Definitions A mutual agreement between two or more parties that something shall be done, an agreement enforceable at law – Legal …
