How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels

One of the top great challenges that face project owners as well as contractors is how to convert their approved cost estimates into budgets that can be monitored, evaluated, and reported at the required cost breakdown structure (CBS) levels. For a project owner, there are different budget versions that derive Read more…

How Can Contractors Monitor the Status of Variation-Related Claim Steps on their Capital Construction Projects?

There are five steps that need to be followed by contractors to submit variation-related claims. Those variation-related claim steps are awareness of entitlement to claim, notice to engineer within 28 days, having a fully detailed claim within 42 days, the engineer’s response, and the agreement or determination of the claim. Read more…

For Capital Construction Projects’ Contracts with the Time is of Essence Clause, Why Associating Project Schedule Activities with Business Processes Become a Must and Not a Choice? 

Whether a contract agreement had explicitly stated the clause of “Time is of Essence” or not, it is a common practice in delivering capital construction projects to request all parties involved, contractors in particular, take all necessary measures. This includes the adding of more resources to avoid project delays. Nevertheless, Read more…