Organizations who are involved in delivering capital construction projects always need to know the current material price of key construction materials and other related commodities. Whether those organizations were project owners, contractors, consultants among others need those prices to assess the project viability, price to bid, etc. In most countries, Read more…
The disruption caused by the Covid-19 pandemic on capital construction projects will continue to be noticed in 2021 and years to come. Governments’ unexpected massive spending to respond to the damages caused by the pandemic had necessitated many governments to enforce budget cuts for currently approved capital construction projects. This Read more…
Each capital construction project consists of direct and indirect costs. Direct Costs are the costs that are proportional to the project, which would usually include material for products, workers, project managers. Direct Costs are also known as Variable Costs as they vary with project requirements. On the other hand, Indirect Read more…
