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Ensuring Trust Worthy Auditable Information for Capital Assets Valuation
Assets Blog Project Management Office (PMO)

Ensuring Trust Worthy Auditable Information for Capital Assets Valuation

One of the growing requirements for financial institutions who provide finance for capital projects is to have a periodical valuation...
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Creating, Monitoring and Evaluating Safety Risk Register on Construction Projects
Assets Blog Health, Safety and Environment (HSE) Management Portfolio

Creating, Monitoring and Evaluating Safety Risk Register on Construction Projects

One of the key requirements for a project Health, Safety and Environment (HSE) management plan is to have a risk...
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Managing the Notice to Proceed Letter in Construction Projects
Assets Blog Contract Management

Managing the Notice to Proceed Letter in Construction Projects

Once the contract is fully executed, a written Notice to Proceed (NTP) is issued to the Contractor to commence the...
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How to Ensure Issuing the Performance Certificate for Construction Contracts in Accordance with the Relevant Contract Clauses
Assets Blog Contract Management

How to Ensure Issuing the Performance Certificate for Construction Contracts in Accordance with the Relevant Contract Clauses

Performance Certificate is the certificate issued under sub-clause 11.9 of the FIDIC contract to constitute acceptance of the Works by...
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Managing Equipment, Product and System Standard and Extended Warranties in Capital Projects
Assets Blog Contract Management

Managing Equipment, Product and System Standard and Extended Warranties in Capital Projects

Warranties for a capital project typically start at substantial performance of the work or on the date of beneficial occupancy....
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Formalizing the Delegation of Authority by the Engineer in Construction Projects
Assets Blog Contract Management

Formalizing the Delegation of Authority by the Engineer in Construction Projects

Under the FIDIC Conditions of Contract, the Engineer may delegate any of the duties and powers vested in him to...
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Tracking Contractors Insurance and Bond Certificates on Construction Projects
Assets Blog Contract Management

Tracking Contractors Insurance and Bond Certificates on Construction Projects

One of the important requirements in construction projects is the requirement for obtaining, verifying and monitoring the contractor certificates of...
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Managing Public Authorities Permits and No Objection Certificates (NOC) in Construction Projects
Assets Blog Contract Management

Managing Public Authorities Permits and No Objection Certificates (NOC) in Construction Projects

One of the common processes in any engineering and construction project across the globe are the processes for getting permits...
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061 Getting Paid for Material Delivered and Stored on Site in Construction Projects by Using Material Inspection Request (MIR) Process
Assets Blog Cost Management Schedules

061 Getting Paid for Material Delivered and Stored on Site in Construction Projects by Using Material Inspection Request (MIR) Process

One of the elements of an interim payment on construction projects is the payment for the contractor’s procured material delivered,...
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Contractor Performance Evaluation and Appraisal on Capital Projects
Assets Blog Contract Management

Contractor Performance Evaluation and Appraisal on Capital Projects

Having a formal Performance Evaluation and Appraisal for contractors, provides project owners with valuable knowledge that is essential for future...
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Managing FIDIC 2017 Early Warning Provisions in Construction Projects
Assets Blog Contract Management Forms

Managing FIDIC 2017 Early Warning Provisions in Construction Projects

For the first time, the FIDIC 2017 Red Book introduces advance warning provisions (sub-clause 8.4), which require each Party to...
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Creating the Responsibility Assignment Matrix (RAM) for Capital Projects Delivery
Assets Blog Project Management Body of Knowledge (PMBOK) Tools

Creating the Responsibility Assignment Matrix (RAM) for Capital Projects Delivery

One of the must requirements when it comes to managing any project and in particular capital projects, is having the...
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Managing the Issuance of Letters of Intent in Construction Projects
Assets Blog Contract Management

Managing the Issuance of Letters of Intent in Construction Projects

Construction projects frequently need to get started quickly, before final documents are agreed.  In these situations, the industry often uses...
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How Can Technology Bring the Much-Needed Transparency and Objectivity in Assessing Engineering Consultants and Contractors Prequalification Submissions on Capital Projects?
Assets Blog Contract Management Design Management Engineering Tools

How Can Technology Bring the Much-Needed Transparency and Objectivity in Assessing Engineering Consultants and Contractors Prequalification Submissions on Capital Projects?

For a capital project owner, one of the proven response strategies for reducing the project’s risk exposure is to outsource...
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Extracting the Great Value of Post Construction Surveys and Review Meetings
Assets Blog Project Management Body of Knowledge (PMBOK)

Extracting the Great Value of Post Construction Surveys and Review Meetings

One of the recommended practices in construction projects is to conduct a Post-Construction Review is to provide feedback to the...
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Managing, Monitoring, Evaluating and Reporting Construction Project Site Security Passes
Assets Blog Health, Safety and Environment (HSE) Management

Managing, Monitoring, Evaluating and Reporting Construction Project Site Security Passes

It is very common that other people besides project team members and construction workers may visit a construction site. These...
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Managing Health, Safety and Environment Permits to Work on Construction Projects
Assets Blog Health, Safety and Environment (HSE) Management

Managing Health, Safety and Environment Permits to Work on Construction Projects

One of the key requirements for a health, safety and environment (HSE) management plan on construction projects is to have...
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Monitoring and Tracking Material and Equipment Alternative or Substitution Requests on Construction Projects
Assets Blog Contract Management

Monitoring and Tracking Material and Equipment Alternative or Substitution Requests on Construction Projects

For construction projects that the specifications permit "or equal" alternatives or substitutions after contract award, the contractor is entitled to...
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Monitoring and Tracking Contractor’s Thirty (30) Days Submittal Requirements
Assets Blog Quality Management

Monitoring and Tracking Contractor’s Thirty (30) Days Submittal Requirements

Almost every construction project has immediate submittal requirements that the Contractor needs to submit and secure the Project Owner’s approval...
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Monitoring and Tracking Contractors’ Material and Equipment Procurement Schedule in Construction Projects
Assets Blog Contract Management

Monitoring and Tracking Contractors’ Material and Equipment Procurement Schedule in Construction Projects

One of the key progress reports that Contractors are obliged to submit on weekly basis is the updated procurement schedule...
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