Table of Contents Words of Industry Insider: Mark Wharton Expanding on Risk Management in Tendering Multi-Dimensional Risks in Tendering Tender Documents and Contractual Obligations Risk Management in Tendering Financial Risks and Quality Issues Supplier and Contractor Selection Strategic Approaches to Tender Management Enhancing Tender Outcomes Conclusion Words of Industry Insider: Mark Wharton When you… Continue reading Managing Risk in the Tendering Process: Insights & Best Practices
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Sub-contractors, Payments, Applications and Cashflow!
As a subcontractor, it is crucial to understand the proposed payment process within your Subcontract. This can significantly impact your cash flow, profitability, and overall business success. In this summary, we will explore the importance of the payment process and the implications for you, the subcontractor, along with some essential explanations and helpful tips to… Continue reading Sub-contractors, Payments, Applications and Cashflow!
Policy to Practice: BIM as a tool for project success?
The need to embrace technological advancements and digitise manual processes is critical in transforming any industry to keep up with the gruelling pace of a changing, evolving and dynamic world. This is no different in the construction industry, with Building Information Modelling (BIM) being a leading tool that is mandated in all public projects and… Continue reading Policy to Practice: BIM as a tool for project success?
Beyond margin – how KPIs can transform your construction business
How to get paid (everything your mate down the pub doesn’t know)
Hands up if you’re a contractor or sub(specialist)-contractor and you’ve had a bit of “friction” with the other party to your contract? Let me guess… whatever you were arguing about, ultimately, it came down to money, right? For one reason or another, you will have either thought you were being paid too little and/or too… Continue reading How to get paid (everything your mate down the pub doesn’t know)
Creating a sustainable tender strategy for Main Contractors
Tackling the UK’s Quantity Surveying Shortage
What You Need to Know About Lump Sum Contracts in Construction
Construction projects are complex, and it’s essential to have a solid contract in place to ensure successful completion. One common type of construction contract is a lump sum contract, also known as a fixed-price contract. This article discusses everything you need to know about this type of contract, from its definition to critical components and… Continue reading What You Need to Know About Lump Sum Contracts in Construction
What Is Practical Completion in Construction?
When it comes to construction projects, there are many important milestones along the way. One of these is practical completion, a term that refers to the point at which a building is considered to be finished and ready for use – “Practically complete”. Let’s look at practical completion, achieving it, and what the different stakeholders… Continue reading What Is Practical Completion in Construction?
Identifying and Addressing Latent Defects in Construction
Construction defects are a common issue faced by homeowners and property owners alike. One type of defect that can be particularly problematic is a latent defect. These defects are not immediately apparent and can pose serious safety risks if left unaddressed. In this article, we will explore the causes and common types of latent construction… Continue reading Identifying and Addressing Latent Defects in Construction