The growing demand to optimize capital projects investments and to do more with less funds, project owners and more than ever, are now adopting the best practices of value engineering to identify and eliminate unwanted costs, while improving project’s function and quality. The aim is to increase the value of Read more…
As a general rule, every capital project needs to be designed before it is constructed. During the project design phase, many deliverables will be produced including drawings, specifications, bill of quantities, contract agreements, building permits, and public authorities’ approval among others. Those deliverables for which many could be subject to Read more…
One of the main objectives for capital project investments is to adhere to the approved project budget which was part of the original feasibility study that led to selecting the project investment in the first place. Nevertheless, the approved budget at the project’s early life cycle stage is usually created Read more…
