Unbalanced bidding is a serious problem for capital project owners because it may increase the risk of construction cost overrun as well as increase the risk of fraud. An example of unbalanced bids is when a bidder frontloads the bid price whereby overstating the unit price of line items scheduled Read more…
One of the major dilemmas that face contractors on construction sites is how to reduce material waste such as steel reinforcement, cement, blocks, premix mortar, ceramic tiles, pipes and wires, and wood panels damaged or unused for various reasons during construction. It is estimated that this can be as high Read more…
For the majority of contractors, the technology that relates to project management and tracking financial performance is considered an expense that they will try their utmost to eliminate. What is surprising to all, is that they fail to understand that delivering the awarded projects successfully is what will make or Read more…
