Unbalanced bidding is a serious problem for capital project owners because it may increase the risk of construction cost overrun as well as increase the risk of fraud. An example of unbalanced bids is when a bidder frontloads the bid price whereby overstating the unit price of line items scheduled Read more…
One of the major dilemmas that face contractors on construction sites is how to reduce material waste such as steel reinforcement, cement, blocks, premix mortar, ceramic tiles, pipes and wires, and wood panels damaged or unused for various reasons during construction. It is estimated that this can be as high Read more…
One of the key reporting requirements by executive stakeholders is to visualize the source of reported financial data on capital construction projects. Whether this information was related to the project budget and its planned spending, awarded contracts, earned payments, actual cost, estimate to complete remaining scope of work, estimate at Read more…
