Tender and Bid are common terms you come across when dealing with procurement of services in the construction industry. Usually, the two terms are used interchangeably, although their meanings vary. What is the Difference Between Tender and Bid? Both tender and bid are standard terms you will encounter in the tendering process. Mainly, organizations use ..read more

Critical path definition What is the critical path method? The Critical Path Method (CPM) is a project management methodology often used by construction project managers to determine the time a project should take from start to completion. critical path method refers to a sequence of activities taking the longest overall duration to complete and they ..read more

Full form of PERT Yes, PERT is an acronym, same as NASA, PESTLE & RICS. The full form of PERT is Project Evaluation and Review Technique. Why Project evaluation and review technique (PERT) required? Everybody has long term and short term goals in their personal and professional life. If anybody needs to achieve each of ..read more

Among various types of tendering methods, selective tendering allows only selected vendors to place bids. In other words, only prequalified vendors can put their proposals in the bidding process. Selection criteria for prequalification may be set based on the nature of the project, vendor’s capabilities and past performances. In most cases, clients are requesting vendors … What is selective tendering? Read More » The post What is selective tendering? appeared first on Quantity Surveyor Blog ..read more

Proper coordination and planning are the vital ingredients of a successful project. A project consists of many unimaginable tasks and work elements. The secret of accurate planning is identifying these many tasks, dividing them into small manageable tasks, and creating coordination between tasks. A work breakdown structure (WBS) is a systematic and refined way of … Why Work breakdown structure is No 01 important for a project? Read More » The post Why Work breakdown structure is No 01 important for a project? appeared first on Quantity Surveyor Blog ..read more

Quantum meruit meaning? “Quantum meruit” is a Latin phrase that means “as much as he has deserved.” A reasonable remuneration or compensation deserves work done by a person or organization based on a retroactive agreement called quantum meruit.  Quantum meruit claims in the Construction industry What are these quantum meruit claims? When a contractor has executed a … Why Quantum meruit claims are controversial in the industry? Read More » The post Why Quantum meruit claims are controversial in the industry? appeared first on Quantity Surveyor Blog ..read more

Arbitration and mediation are the most famous conflict resolution methods after the litigation. Unlike the litigation process, these methods resolve conflicts without harming the relationship The post Difference between Arbitration and mediation appeared first on Quantity Surveyor Blog ..read more

The short norm for the “Liquidated damages” is known as “LD”. The main intention of liquidated damage is to cover the client against the Contractor’s time-related obligations. If the Contractor breaches the contract, the client can ask (deduct) predetermined sum agreed as “liquidated damages” or “Delay damages”. The principal of Liquidated Damages/ Delay Damages Let […] The post Liquidated damages/Delay damages in construction appeared first on Quantity Surveyor Blog ..read more

PESTLE Analysis is an analysing strategy used in any kind of business or organisation. PESTLE analysis helps to analyse all external factors which affect businesses (organisations or projects). Some may call or write this as PESTEL analysis. Same like SWOT analysis, Word PESTLE is acronymic for below words. PESTLE Stands for, P- Political E- Economical […] The post PESTLE analysis example- 6 Great examples appeared first on Quantity Surveyor Blog ..read more

Below blog post is a guest post written by John Adams. According to him, John Adams is a paralegal who writes about widespread legal and social issues. Construction or renovation of a house sounds exhilarating, especially when you are deciding on color schemes, flooring, woodwork, and other aspects of interior design. If you get lucky, […] The post 10 Things your House Contractor won’t tell You-Guest Post appeared first on Quantity Surveyor Blog ..read more