Why Defects Liability Period (DLP) Should be One of the Capital Construction Project Life Cycle Stages that Need to be Managed, Monitored, Evaluated and Reported on

The defects liability period (DLP) is the only time a capital project owner can lay claim to any unfinished, defective, and substandard quality work to be rectified by the contractor. The defects liability period is a fixed time, starting from the date of substantial completion also known as practical completion, Read more…

Using Stage Gates to Enforce Project Governance while Communicating a Real-Time Single Version of the Truth Performance Status of Capital Construction Projects for Real Estate Development Directors, Managers, Investors and Other Executive Stakeholders

Capital construction projects are generally high-risk investments given the significant amounts of cash, complexity, stakeholders with conflicting interests, rules, and regulations to comply with, and duration that they span for. As a result of these challenges, project-level risks can easily become enterprise-level risks. The Project Management Institute (PMI) Pulse of Read more…

Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 6: Performance Dashboards

In addition to the project’s performance and status reporting that will be required by the project owner on capital construction projects, the JV Contractor needs to create their own performance dashboards for the executive directors and leaders of the entities that are part of the joint venture contract. Those executives Read more…