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...
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,...
Happy Contractor after Tendering Process

Tendering Process in The Construction Industry

Step 01 - Preparation of Tender Document Usually, the tendering process is starting with the preparation of the tender document. This is one of the...
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...




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