Contract management happens to be a major cause for concern due to tight deadlines and cost variations. Such extremes make contract management one of the prime complications within the construction industry affecting project contracts. As per one research report on contract management related to the […]
Category: Cost Control Management
Cost Overruns in Construction Projects- Reasons you may Encounter them
Construction projects are often complicated, and budgets are most likely to go haywire for a majority of them. Addressing cost overruns is possible only if you understand the root of the issue. While there may be uncontrollable factors like weather or forces beyond human control, […]
Pre-Estimate Checklist: Things to Consider Before Preparing a Cost Estimate for Your Project
When you take up a construction project, there is a lot to do even before the commencement of work. The first and perhaps the most essential task is cost estimation because the success of the entire project hinges on how well you manage the costs. […]