Whether the construction contract agreement is a lump sum contract or remeasured contract, one of the processes that will be needed on those projects is the Joint Measurement Record, also known as Joint Measurement Sheet (JMS). TheJoint Measurement Record is used to capture the details of extra work recorded at Read more…
For many of those involved in construction projects having a “Common Data Environment (CDE)” is becoming a requirement. By definition, a CDE is the single source of information for the project, used to collect, manage and disseminate documentation, the graphical model and non-graphical data for the whole project team (i.e. Read more…
Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the project budget (Source: Association of Fraud Examiners, Russian Branch). In general, funds spent on capital construction projects are considered a sunk cost. A sunk cost refers to money that has Read more…
