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

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

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

Tendering tips

Search This Blog