Managing Risks: The Crucial Role of Architects, Engineers, and Quantity Surveyors in Commercial Organizations Managing Risks: The Crucial Role of Architects, Engineers, and Quantity Surveyors in Commercial Organizations In the dynamic and complex landscape of commercial organizations, effective risk management is paramount to ensuring project success and minimizing financial losses. Architects, engineers, and quantity surveyors …
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Does an Accepted Quotation by a Contractor/Subcontractor Include Result Delay Costs? Introduction: Result Delay Costs in Accepted Quotations In construction projects, contractors and subcontractors often submit quotations for specific tasks or portions of the work. Once a quotation is accepted, it becomes a binding agreement between the parties. However, the question arises: does an accepted …
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Hudson Formula A Critical Analysis of Its Use in Construction and Engineering Contracts Explore the Hudson Formula’s limitations in legal and practical applications within construction disputes. Understand its flaws, legal standing, and why professionals are seeking alternative methods. The so-called “Hudson Formula” is a topic of considerable debate within the legal and engineering communities. However, …
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Extension of Time What is Extension of Time (EOT)? Extension of Time (EOT) is a delay which could not be reasonably foreseen at the time of contract signing. The granting of an Extension of Time relieves the contractor from liability of damages such as Liquidated Damages from the original date of contract completion for the period …
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Project Management Successful projects are usually the result of careful planning and the talent and collaboration of a project’s team members. Projects can’t move forward without each of its key team members, but it’s not always clear who those members are, or what roles they play. Here, we’ll describe five roles – project manager, project …
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Damage Quantification Experts A Crucial Role in Construction Claims Construction projects are intricate and often fraught with challenges. When issues like cost overruns, time delays, or defects arise, resolving these disputes can be a daunting task. This is where damage quantification experts step in, playing a vital role in evaluating and quantifying damages. But what …
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