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 ...
Construction Management
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Category: Construction Management
Construction management include a project manager, planning, estimation, scheduling, tendering, contracts, equipments etc.
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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 ...
Time Management Programs: Objective, Advantages, and Disadvantages
Time management is organizing and implementing a strategy related to the time required for different activities in a project. No aspect of work, be it the individual’s work, others, project, or process, can be controlled unless it has been planned. ...
What is Planned Preventive Maintenance (PPM) of Buildings?
Planned preventive maintenance (PPM) is a type of preventive or preventative maintenance (PM) that is a systematic approach for maintaining the building operations or extending the building life before any disruption or breakdown. Preventive maintenance can be either planned or ...