Assets

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

How Property Owners Can Have a Better Monitoring, Evaluating and Reporting on the Equipment Maintenance of Assets on their Real Estate Properties

For real estate owners, investors, and operators, monitoring, evaluating, and reporting the status of all raised work requests and open, scheduled, in progress, and completed work orders on the equipment maintenance of assets needed to operate and maintain their real estate properties is a must requirement. Not only does this Read more…

By PMWeb, ago