5 Crucial Phases Of Construction Project Management

In construction, project management is the complex and precise process of planning, organising, and overseeing all stages of a project. This involves developing a comprehensive project schedule, efficiently managing resources, identifying and mitigating risks, and maintaining clear communication with all stakeholders while diligently tracking progress. Effective project management can save Project Owners money by avoiding … Read more

What is an Extension of Time (EOT) in Construction? 

In construction, excellent management of schedules and timelines is crucial to a project’s success. However, excellent management does not mean that there will be no unforeseen delays. It simply means that when such delays occur, proper measures must be taken to mitigate their impact.  An Extension of Time (EOT) represents a formal modification to the … Read more

What Is A Project Schedule In Construction?

Definition of A Project Schedule In Construction

If there is one thing that can help simplify the complex nature of construction projects, it would be to have a comprehensive project schedule. This is especially true for Capital Projects, as even the simplest delays can have a significant impact on a project’s ROI. A project schedule outlines the construction process, planned meticulously before … Read more

What Is Value Engineering In Construction?

Who Conducts Value Engineering Inb Construction?

Value engineering (VE) is a systematic approach that analyses the functions of different components and materials to reduce the cost of goods, products, and services while maintaining acceptable levels of quality and functionality. In this context, value is defined as the ratio of function to cost.  In construction projects, value engineering is a valuable approach … Read more