Construction projects frequently need to get started quickly, before final documents are agreed. In these situations, the industry often uses a ‘letter of intent’ (LOI) as a bridging measure to allow work to proceed and to give the parties some legal protection. The “LOI” indicates the employer’s intention to enter Read more…
For a capital project owner, one of the proven response strategies for reducing the project’s risk exposure is to outsource part of the project’s scope of work to qualified engineering consultants and contractors. Otherwise, the project’s risk exposure increases if an incompetent entity ends up as awarded the outsourced scope Read more…
One of the recommended practices in construction projects is to conduct a post-construction review to provide feedback to the project team and other stakeholders to improve the quality and cost-effectiveness of future projects. The objectives of the review are to assess the project outcome, document the project, evaluate best practices, Read more…
