Category: Blog

For real estate investors and developers, project financial performance reporting goes beyond managing the project budget, commitments, changes and actual costs. They require managing the income or revenue generated from selling, leasing or any other source of income that is needed to calculate the Return on Investment (ROI). Further, they need their project management team…

Formal communications in engineering and construction projects are a must requirement to comply with the contractual obligations set in the contract agreements between the different parties of the contract. Formal communications usually take the shape of document templates, letters and even emails if permitted under the contract. With the growing trend of construction claims and…

When projects’ owners, both in the public and private sector, fail to impose the right policies and procedures to deter fraud on their projects, they are indirectly encouraging those involved in their projects to commit actions that would lead to project fraud. Actions that would lead to increase the chances of project failure by increasing…

For some organizations, investing in digital transformation when it comes for managing their capital projects delivery might require quantifying the benefits of this investment although for many, those benefits are so obvious. Actually, one should be surprised on why the engineering and construction are so much lagging behind compared to other industries when it comes…

Organizations involved in delivering capital projects are always keen on ensuring that their estimated effort and cost for managing those projects are inline to what was originally estimated. Regardless of the role of organization whether it is the project owner, project management consultant, engineering consultant, contractor or any other entity, the need to find out…

No one can deny that capital projects are the least in adopting digital transformation compared to other industries and practices. This lack of digital transformation is not only wasting the opportunities that organizations could have from improved efficiency in doing everyday project related processes but increasing the high-cost risks associated with lack of transparency and…

The defects liability period is a set period of time after the construction project has been completed during which a contractor has the right to return to the site to remedy defects. A typical defects liability period lasts for 12 months. During this period, it is actually the contractor’s responsibility to identify and rectify defects,…

The project construction stage is the stage where the final products of the project will be produced for the project owner to use after the project handover to generate the targeted revenue to justify the project investment. It is the stage where the bulk of the project investment will be spent and will carry the…

One of the most common approaches in constructing engineering and construction projects is the design-bid-construct approach where the project owners will invite qualified contractor to bid on the project’s scope of work as defined in the construction documents. The project owner might also consider fast track the project delivery by dividing the project’s scope of…

For capital projects, the design stage is crucial for the project success as the different end user requirements are captured to be developed into design drawings, specifications, contract agreement and bill of quantities for which the qualified contractors can bid on to execute the project’s scope of work. It is during this stage where the…