Key essentials for a valid contract

According to the legal system, a binding legal agreement between offeror and offers ( can be more) is defined as a contract. Quantity surveyors are the key persons in the modern construction industry to make contractual agreements between the clients and contractors. Therefore their knowledge regarding the contracts should be very sharp. there are four essentials that should be included in a valid contract. 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

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

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

Tendering tips

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