Bank Guarantees in Construction Project | PBG, ABG, RBG | Contract Administration
Bank guarantees are important instruments that are used in construction projects as a form of security for contractual obligations. A...
What does each party play under traditional Construction contract?
The construction industry is a major contributor to the global economy, and it is important to understand the roles of the principle...
How to choose a building contractor for a home remodeling, extension, or renovation project?
Choosing a building contractor for a home remodeling, extension, or renovation project can be a daunting task, but it's an essential step...
Top 10 Things to consider before signing a Construction Contract
Scope of work: Make sure that the contract clearly defines the scope of work to be completed, including all materials and services to be...
Cost Reimbursement Contract
A cost reimbursement contract is a type of contract in which the buyer agrees to pay the seller for all costs incurred in completing a...
What is PERT : Project evaluation and review technique?
PERT stands for "Project Evaluation and Review Technique." It is a method used to analyze and manage projects that involves a series of...