For capital project owners, outsourcing the project’s scope of work to qualified engineering consultants and contractors is one of the common practices in this industry. Ensuring that there is a formal process for prequalifying engineering consultants and contractors before they are invited to bid is crucial to reduce the risk Read more…
One of the key requirements on Engineering-Procurement-Construction (EPC) and Lump Sum Turnkey (LTSK) contracts is the formal documentation, monitoring, evaluation, and reporting of the earned performance against what was planned for the scope of work for engineering and procurement deliverables. For engineering scope of work, those would usually include engineering Read more…
The growing trend to use Building Information Modelling (BIM) in capital project delivery has brought to the market many applications that integrate the BIM model with the project schedule (4D) and cost estimate (5D). Nevertheless, what most project stakeholders are looking for is an interactive easy-to-use BIM-enabled business intelligence and Read more…
