CONTRACT PRACTICE

Procurement Systems in Construction : 4 Major Methods

In the construction sector, the Procurement systems are one of the popular terms used in any construction project. Anyhow, do you know what the...

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Quantity Surveyor – Introduction To Quantity Surveying

Who is a Quantity Surveyor? The Quantity Surveyor is a leading internal stakeholder in the construction industry. They have in-depth knowledge of construction costs and...

The Main Stakeholders in the Construction Industry

Stakeholders in the construction industry or otherwise, are those that might influence the project or be influenced by it or its outputs. It makes...

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Construction work site

Procurement Systems in Construction : 4 Major Methods

In the construction sector, the Procurement systems are one of the popular terms used in any construction project. Anyhow, do you know what the...
Types of lump sum contract

Lump Sum Contract | Advantages and Disadvantages

What is a Lump Sum Contract? Firstly, We have to understand what is a Lump Sum contract. If you are working in the construction sector,...
contingency sum in construction

Contingency Sum in Construction Contracts

What is a Contingency? First of all, we need to understand the general meaning of contingency before explaining the other terms of construction contingency sum...
bathroom tiles fittings lights prime cost sum items

Prime Cost Sum Meaning and Example in Construction Industry

What is Prime Cost Sum in Bills of Quantities? Prime cost sum in construction (PC or PC sums) is allowing in the contract to provide...
Provisional Sum and calculator

Provisional Sum Meaning and Example in Construction Industry

Provisional Sum - Meaning What is the meaning of provisional sum? Simply, it is a money provision in the construction. In a project, there may...

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