Analyzing and Documenting Available Delivery Methods for Capital Projects
Project owners involved in delivering capital projects need to select the project delivery method that is best suited to achieve...
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Managing the Letter of Award for Design and Construction Contracts Process in Construction Projects
Letter of Acceptance also referred to as the “Letter of Award”, is legally considered as the Employer’s formal acceptance of...
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Contractor Performance Evaluation and Appraisal on Capital Projects
Having a formal Performance Evaluation and Appraisal for contractors provides project owners with valuable knowledge that is essential for future...
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Managing FIDIC 2017 Early Warning Provisions in Construction Projects
For the first time, the FIDIC 2017 Red Book introduces advance warning provisions (sub-clause 8.4), which requires each Party to...
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Managing the Issuance of Letters of Intent in Construction Projects
Construction projects frequently need to get started quickly, before final documents are agreed. In these situations, the industry often uses...
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How Can Technology Bring the Much-Needed Transparency and Objectivity in Assessing Engineering Consultants and Contractors Prequalification Documents on Capital Projects?
For a capital project owner, one of the proven response strategies for reducing the project’s risk exposure is to outsource...
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Monitoring and Tracking Material and Equipment Alternative or Substitution Requests on Construction Projects
For construction projects that the specifications permit "or equal" alternatives or substitutions after contract award, the contractor is entitled to...
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Setting the Project Control System (PCS) Quality Management Module: Concrete Pouring Inspection Reports
Another quality control process that needs to be monitored, evaluated, and reported in the project control system (PCS) is the Concrete...
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Setting the PCS Quality Management Module: Work Inspection Requests and Material Inspection Requests
The Work Inspection Request (WIR) is one of the quality controls processes that need to be monitored, evaluated, and reported in...
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Setting the Project Control System (PCS) Quality Management Module: Technical Submittals
The Quality Management module is another critical project control system (PCS) module. The module addresses the quality assurance and quality...
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Setting the Project Control System (PCS) Cost Management Module: Actual Payment Made and Received Management
One of the key challenges that face organizations involved in delivering construction projects is getting paid for completed and approved...
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Setting the Project Control System (PCS) Cost Management Module: Forecast Management
Regardless of whose perspective the project control system is managed, both the project owner and his team as well as...
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Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate
The third Project Control System (PCS) module needed for construction projects is the cost management module. In doing so, it...
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Setting the Project Control System (PCS) Schedule and Resource Management Module: Resource Management
Function 3: Resource Management One of the requirements of all construction projects is for contractors to load their integrated project...
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Managing, Monitoring, Evaluating and Reporting Performance of Provisional Sums on Capital Construction Projects’ Contracts
It is very common for many capital project owners to include provisional sums in their contract agreements. Provisional sums are...
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Capturing, Accumulating and Sharing Knowledge by Formalizing Questions Raised and Answers Given on Capital Construction Projects
One of the proven methods for capturing, accumulating, and sharing knowledge on capital construction projects is to encourage project team...
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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...
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Why Project Owners Should Enforce a Rigorous Work Inspection Request (WIR) Business Process on their Capital Construction Projects
For all capital construction project owners, having their completed facilities running without defects or issues is what matters most for...
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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...
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Real-Time Single Version of the Truth Revenue and Income Recognition of Capital Construction Projects Using the Percentage of Completion Method
Many Real Estate Developers use the percentage of completion method to calculate the amount of revenue and therefore income that...
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