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How Can Capital Construction Project Owners Use the Correlation Algorithm to Have a More Meaningful Contractors’ Performance Profile?

One of the common business processes for any capital construction projects owners is the registration and qualification of contractors who could be invited to bid on their released bid packages and be awarded construction contracts and purchase orders if their proposals are selected. The prequalification process requires each contractor to Read more…

By Tony, ago

Can Machines be Trained to Learn How to Detect Fraud Transactions on Capital Construction Projects?

The tendency to commit fraud is very much part of every business and capital construction projects are no different. Actually, there are more chances to commit fraud on a project than operational frauds where usually corporate policies and procedures are well enforced and internal or external audit is an ongoing Read more…

By Tony, ago

Why Digitizing Business Processes is a Must to Stop Faking Collaboration on Capital Construction Projects

Collaboration is becoming a requirement for the successful management of capital construction projects. Project participants are realizing that sharing of knowledge and information is one of the key elements of a successful contractual relationship. A key requirement for effective collaboration is to move away from manual paper-based business processes toward Read more…

By Tony, ago