Assets

Why Real Estate Developers Should Insist on Having the Asset Location Details on Every Business Process Transaction and Document Needed When Managing the Delivery of their Construction Projects

The reason that most real estate developers invest in new capital construction projects or refurbishing existing projects is to either sell, lease or operate the space assets that will be produced from those projects. Those space assets could be houses, residential flats, commercial office spaces, storage areas and warehouses, hotel Read more…

By PMWeb, ago

Why Defects Liability Period (DLP) Should be One of the Capital Construction Project Life Cycle Stages that Need to be Managed, Monitored, Evaluated and Reported on

The defects liability period (DLP) is the only time a capital project owner can lay claim to any unfinished, defective, and substandard quality work to be rectified by the contractor. The defects liability period is a fixed time, starting from the date of substantial completion also known as practical completion, Read more…

By PMWeb, ago

Managing the Initial Acceptance Inspection Process for Handing Over Capital Construction Projects

Before a capital construction project becomes ready to be used or occupied either fully or partially, the completed construction work must be inspected and accepted by the project owner and his authorized representatives in accordance with the terms and conditions of the contract agreement with the contractor. The inspection and Read more…

By PMWeb, ago