1. Introduction This document outlines the invoicing and payment procedures for both lump sum pricing (divided into Off-shore and On-shore components) and Variations for the {Project Name}. It also includes the required formats for invoice documentation. 2. Invoicing Procedure 2.1 General Conditions – 2.1.1 Payment from the OWNER to the […]
READ MORE
To effectively manage and control claims in the modern construction industry, adherence to a well-defined and robust claims management procedure is essential. This process must align with international standards such as those set by the Fédération Internationale des Ingénieurs-Conseils (FIDIC), which provides a framework for resolving disputes and handling claims […]
READ MORE
Introduction to Advanced Cost Management In today’s rapidly evolving construction industry, managing costs effectively is paramount for the success and sustainability of any project. As such, a sophisticated cost control system is essential. This document outlines a comprehensive approach to cost management, designed to align with international standards and adapt […]
READ MORE
In the complex world of construction management, timely project delivery is not just a goal but a critical requirement. However, delays are a common challenge, affecting everything from budget to resource allocation. To address these issues effectively, forensic delay analysis has emerged as a vital tool. This comprehensive guide explores […]
READ MORE
What is Quantum Report? A Quantum Report (QR) in the context of construction and project management refers to a detailed document used to assess and quantify the financial impacts associated with changes or disruptions in a project. This type of report is typically used in legal or arbitration cases, where […]
READ MORE
Has your monthly water bill skyrocketed unexpectedly? Our recent experience saw our bill surge from a manageable P5,000 to a staggering P27,500 due to an unexplained spike in consumption. Here’s what we learned and how you can avoid a similar situation: 1. Understanding the Increase: Our average monthly consumption of […]
READ MORE
Success is not a destination; it is a journey that requires dedication, knowledge, and the willingness to take risks. Whether you’re pursuing a career in the construction industry or exploring the vast possibilities of the technological advancements around us, there are specific steps you can take to shape your path […]
READ MORE