When it comes to delivering capital construction projects, it is a very common practice that project owners transfer the risk for delivering the projects by procuring different contracts for delivering the scope of work. Those contracts could be for construction works, site supervision, and even project management services. Using construction Read more…
One of the key challenges facing Municipalities, Public Works Departments, and other public sector entities that are involved in delivering capital construction projects is managing the short-term allocation of available funds across their projects’ portfolio. Those are projects that were already approved and have approved budgets for which required funds Read more…
Regardless of the type of contract agreement used on a construction project, the final account is the conclusion of the contract sum (including all necessary adjustments) and signifies the agreed amount that the Employer will pay the Contractor. It includes any works that are paid to the Contractor through the Read more…
