In lump sum construction contract contractor bids fixed price for all activities in project. Advantages and disadvantages of lump sum contract is discussed.
Construction Project
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Category: Construction Project
Construction Projects involves project manager, estimation, planning, scheduling, controlling, and management.
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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 ...
Delays in Construction Projects, Its Types, Effects and Management
Construction delays are considered as time lag in completion of activities from its specified time as per contract directly affecting construction cost.
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 ...
Selecting Qualified Demolition Contractors for Construction Projects
Demolition of old construction becomes essential when the structure becomes unfit for the intended purpose or the new construction has to be carried out at the location of existing structure. The process of demolition of old concrete structures are not ...
Roles and Responsibilities of Project Manager in Construction
The roles and responsibility of project manager in construction is to make sure that the customer is satisfied and the work scope, project is completed in a quality manner, using budget and on time. The construction project manager has primary ...
Records to be Maintained at Construction Site
Records to be maintained at construction sites play important role in construction activities. It is a document required to prove any construction activity has taken place at site during billing or any other claims. These records have all the data ...