No one can argue the many benefits of making timely payment of contractors’ interim payment certificates on the delivery of construction projects, nevertheless, the purpose of this article will be limited to the calculation of financing or interest charges that contractors will be entitled to receive for delayed payments. Those Read more…
One would rarely find a construction project that does not have individuals who are assigned the responsibility of performing the tasks for monitoring, controlling, and reporting the construction projects’ performance. Those individuals are known as the project control team where it usually consists of a project control manager, project control Read more…
The growing demand to optimize capital projects investments and to do more with less funds, project owners and more than ever, are now adopting the best practices of value engineering to identify and eliminate unwanted costs, while improving project’s function and quality. The aim is to increase the value of Read more…
