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Why Remeasurement(Re measurable) contracts

 re-measurable/remeasurement  contract  is the most popular type of contract used in the former construction industry. But even so, large construction companies are using this method to  hire  subcontractors for tasks such as painting, plastering, etc. In this method, the companies will receive the payment based on actual work. Compared to other  procurement methods , the client’s  risk is much higher,  and the contractor’s risk is minimal in this method Read more
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Subcontracting 101

The maximum portion of tasks in a construction project is carried out by subcontractors. Most of the leading contractors in the modern construction industry are keen to use subcontractors than direct labours for their works. Read more
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Provisional sum/Day works/legislative adjustments in construction as per FIDIC 99

Provisional sums in construction are the best guest values provided by the consultants at the tender stage, For works cannot be determined at the earlier stage (As an example, excavating of uncertain soil conditions). So consultants are stating provisional sum amounts for these kinds of works (works which can not be evaluated). read more
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How to An Offer Is Brought to an End

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.  Read more
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Life cycle costing- simply explained

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.  Read more
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1st step of tendering process -decision to tender

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 a process to submit a competitive tender. Read more
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Quick Guide to EOT Claims

The Contractor can always claim an EOT claim unless the fault of the delay events was not caused due to his mismanagement. To claim a successful EOT claim contractor should do proper delay analysis, and they should know precisely what they are eligible to claim. We hope the below article and calculators will help you to understand more about EOT claims. Read more
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