Uncertainties are inherited in every project delivery and in particular capital construction projects. By nature, projects are all about committing to deliver future products and services based on what is known today. What makes it more challenging for capital construction projects is that although there is always a desire to Read more…
It is very common for many capital project owners to include provisional sums in their contract agreements. Provisional sums are amounts allocated for specialized work to be carried out by specialized firms for which the details might or might not be available at the time when the contract went out Read more…
Project owners who are actively involved in delivering their capital construction projects portfolio understand that their own organization costs allocated to those projects can be very high when compared against the overall budget cost of those projects. Those would include the direct cost of the professional resources assigned to project Read more…
