Quantity Surveyor

Technology in quantity surveying has become the driving force behind modern construction cost management. The digital transformation is fundamentally reshaping how construction professionals measure, estimate, and manage project costs. Whether you’re a seasoned quantity surveyor or just entering the field, understanding these technological advances is crucial for staying competitive in 2024 and…

Construction projects require accurate and detailed documentation to ensure smooth execution and successful completion. One crucial document in construction project management is the Bill of Quantities. The BOQ serves as a comprehensive list of all the materials, labour, and services required for a construction project, along with their corresponding quantities and prices. In this article, we…

Tender and Bid are common terms you come across when dealing with procurement of services in the construction industry. Usually, the two terms are used interchangeably, although their meanings vary. Photo by Pixabay on Pexels.com What is the Difference Between Tender and Bid? Both tender and bid are standard terms you will encounter in the tendering process. Mainly, organizations use a…

What is critical path method?

Critical path definition What is the critical path method? The Critical Path Method (CPM) is a project management methodology often used by construction project managers to determine the time a project should take from start to completion. Photo by Startup Stock Photos on Pexels.com critical path method refers to a sequence of activities taking the longest overall duration to complete and they…

Full form of PERT : Project evaluation and review technique

Full form of PERT Yes, PERT is an acronym, same as NASA, PESTLE & RICS. The full form of PERT is Project Evaluation and Review Technique. Why Project evaluation and review technique (PERT) required? Everybody has long term and short term goals in their personal and professional life. If anybody needs to achieve each of these goals, it should have five characteristics. As experts say, Goals…

What is selective tendering?

Among various types of tendering methods, selective tendering allows only selected vendors to place bids. In other words, only prequalified vendors can put their proposals in the bidding process. Selection criteria for prequalification may be set based on the nature of the project, vendor’s capabilities and past performances. In most cases, clients are requesting vendors to submit…

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 planning and coordinating these…

Contractors' All Risks Insurance (CAR Policy)It is a nonstandard insurance policy covering third party injury and property damage or damage claims. It includes two main kinds of risks on construction projects, familiar as Contractor's All Risks Insurance.

What Is the Contractor’s All Risks (CAR) Insurance?

It is a nonstandard insurance policy covering third party injury and property damage or damage claims. It includes two main kinds of risks on construction projects, familiar as Contractor’s All Risks Insurance. Property damage may consist of inappropriate structures construction, the damage that occurs throughout a restoration, and smash…

In design and build procurement method contractor is appointed to design and build the project. rather than most of the other procurement methods, consultants are appointed to design the project and contractor is appointed to execute the project

In design and build procurement method contractor is appointed to design and built the project. rather than most of the other procurement methods, consultants are appointed to design the project and contractor is appointed to execute the project.

In design and build procurement method contractor is responsible for the below things,

Design- the contractor should design the project as per client’s…

Management contracting procurement method is using in large and complex projects. By using this procurement, method client can reduce their risk and transfer management responsibilities to several contractors. 

First of all. The project will be divided into several packages by client, and few management contractors will be appointed for each package. In most of the cases, this appointment will be…

Strategy and classification of design problems

  The strategy is an essential factor in resolving any kind of a problem. As same as that, ‘design method’ is the term that uses in building design.

Usually, it follows a logical procedure even there is no ideal method in designing a building. For instance, we use objectivity to solve design problems. In other cases, the solution will be given by…

Here we discussed under the contractor’s project cash flow, determining the actual flow of money for the contract duration by dealing with project cash flow. Also, the way to finalise the contract price.

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1.0- Contract cash flow 

When we are considering the project’s level, the difference between a certain project’s income and expense is named as ‘The project’s cash flow’. On…

Provisional sums in construction under FIDIC 1999

Provisional sums in construction are the best guest values provided by the consultants at the tender stage for works cannot be determined at the tender stage (As an example, excavating of uncertain soil conditions). So consultants are stating provisional sum amounts for particular works (works which can not be evaluated) at the tenderstage. But at…

What is a Variation under FIDIC 1999

What is a Variation

Also called as variation orders or change orders. Any modification or change to works agreed in the contract is treated as a variation. These modifications can be divided into three main categories. 

Addition to the work agreed in the contract.

Omission to work agreed in the contract.

Substitution or alteration to work agreed in the contract.

FIDIC 1999 Clause 13- Variation…

Offer acceptance-How to An Offer Is Brought to an End

Why acceptance of an offer is important?

The term ‘contract’ is not a rare word in the world. When the relevant party accepts the offer, a ‘contract’ will be created. To have such a contract among participants, it needs some special requirements too. Among them, a valid offer and acceptance are more important. Offer is an expression of eagerness to enter a statement that includes terms and…

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 & renovations)

Disposal stage

Therefor…

Construction-Risk assessment at tender stage

Before the construction at the tendering stage, the contractor should do a proper risk assessment. There are two kinds of risk in the construction process. First one is the risks which can quantify (quantifiable risks). And the other one, which cannot be quantified (unquantifiable risks). Where risks can be quantified, mathematically is considered as measurable risks. Whenever element or…