A dilapidation report is the result of a survey conducted to identify and record the condition of a property at a given point in time. The report is prepared before and after construction work to ascertain the asset’s condition. This ...
Category: Construction Management
Construction management include a project manager, planning, estimation, scheduling, tendering, contracts, equipments etc.
Discy Latest Articles
Construction Claim: Types, Causes, and Preventive Measures
A construction claim is the assertion of a right that requires either more time or/and payment by either party of the contract (often the contractor) for compensation of the losses brought on by the other party’s failure to uphold their ...
5 Key Financial Ratios Used in Construction Business
Financial ratios are key parameters that help in understanding the financial health of a construction business clearly and effortlessly. They are a lifesaver when it is hard to determine the financial status of the company from a set of standard ...
Factors Affecting Construction Cost of a Project
The cost of construction of a project is the primary concern for most clients. Frequently, they ask about the cost of the project and whether construction work can be executed at a lesser price or not. This question can be ...
How to Mitigate the Impact of Inflation on Construction Industry?
According to the latest U.S. Consumer Price Index report, inflation rate in the United States has reached a 40-year high. This will affect all the business sectors, including the construction industry, highlighting the importance of mitigating inflation. Inflation cannot be ...
How does Inflation Affect Construction Industry?
Inflation is a major challenge for the construction industry as it leads to an increase in the prices of building materials, hiring rates of machinery, consultation fees, and other inputs to construction projects. As a result, it may delay project ...
What is SOV in Construction?
A schedule of values (SOV) is a comprehensive documented list of each construction task that constitutes a construction project, along with their payment values. SOV is a standard practice followed by contractors to bill the clients. An SOV lists out ...
How Does Hike in Interest Rate Affect Construction Industry?
Interest rate hikes make construction projects more expensive because the cost of construction materials increases. It also reduces the profit as the construction companies may be forced to pay out of their pockets for increased interest rates on loans. The ...