In lump sum construction contract contractor bids fixed price for all activities in project. Advantages and disadvantages of lump sum contract is discussed.
Category: Construction Management
Construction management include a project manager, planning, estimation, scheduling, tendering, contracts, equipments etc.
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PERT in Construction Management – Advantages and Disadvantages
Program Evaluation and Review Technique (PERT) is a project network analysis technique used to plan and control large construction projects. PERT focuses on the relationship between the time each activity takes, the costs for each activity and the resulting time ...
Construction Project Life Cycle – Phases in Life Cycle of a Construction Project
Phases in life cycle of a construction project are initiation, planning, execution, performance and monitoring and closure phase of construction projects.
Types of Construction Contracts and their Comparison [PDF]
![Types of Construction Contracts and their Comparison [PDF]](https://i0.wp.com/theconstructor.org/wp-content/uploads/2016/11/types-of-construction-contracts-629x420.jpg)
There are different types of construction contracts, and their comparison is presented in this article. A construction contract is an agreement between two or more parties to execute the construction works as per certain terms and conditions. A construction contract ...
Estimate Bid Price – Tender Cost of Construction Project
The Estimation of bid price or tender cost of a construction project is calculated as the sum of the total cost of construction and mark-up price. Total cost of construction project consists of direct cost and indirect costs for the ...
Planning, Scheduling in Construction Management
Planning, scheduling is an important part of the construction management. Planning and scheduling of construction activities helps engineers to complete the project in time and within the budget. The term ‘Construction’ does not only denotes physical activities involving men, materials ...
How to Estimate Cost of Construction Projects
Cost estimation of construction projects is a very complex process containing many variable factors. Cost estimation requires proper study, training and experience.
How to Manage Building Materials at Construction Site?
Construction Materials management can be defined as “the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as a pre-decided service can be provided at a minimum cost”. By another ...