Building Information Modelling is hardly a short and catchy title that flows off the tongue like mercury off of silk. It’s certainly not catchy enough for us builder types and therefore is generally abbreviated to its more commonly known name of BIM, pronounced like ‘Tim’ or ‘Kim’. BIM is catchy in name and function. It… Continue reading BIM Levels: What are they, and should I care?
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De-risking Projects
Construction and development can be an extremely profitable business to invest in and work in, a worthwhile venture to commit financial investment into to get a healthy return out the other side. Well, unexpectedly, there are two sides to every story. She said this; he did that. And where there’s a mountain of cash to… Continue reading De-risking Projects
Mastering Tender Strategies: Avoiding Mistakes in Bidding
In this article: Tender Strategies for Projects: Approach and Best Practices How to win Tenders by the right pricing strategy Understand buyer priorities Choose the right pricing strategy Leverage Feedback and market insights Consider value beyond price Mitigate risks with accurate costing Align the Business Plan with a Bidding Strategy Raise Technical Queries Inaccurate Cost… Continue reading Mastering Tender Strategies: Avoiding Mistakes in Bidding
Value Management
If you’re involved in construction projects in some capacity, you’ll probably have heard the term value management mentioned, but what is it, how is it structured, what are the measures involved, and what does success look like? In many instances, when working through project gateways, there’s a need to hit deadlines in terms of design… Continue reading Value Management
Design Now, Save Later
You feel uneasy. Your innate ability to sense danger has your senses on high alert. A little voice in your head is telling you that something is not quite right. What you’ve just heard doesn’t sound sensible or entirely professional. Your wallet is itching, anticipating a blown budget, extra costs, delays – problems. “We’re builders,… Continue reading Design Now, Save Later
Endeavour Clauses vs Absolute Obligation Clauses
Contractual agreements often contain wording that imparts an express obligation on the parties such as “the Contractor shall” or the “the Project Manager shall” if one party is to do something specific or a broader obligation to deliver services and for the other party to receive payment. There are ramifications if either party does not… Continue reading Endeavour Clauses vs Absolute Obligation Clauses
Tendering and Subcontractor Vetting
Handing over elements of a construction project to another company can be a daunting prospect. With it, you are losing an aspect of control, putting your firm’s reputation in another firm’s hands. Perhaps you’ll be placing a multitude of orders with various firms for each of the different trade packages. There’s a lot to consider.… Continue reading Tendering and Subcontractor Vetting
Negligence Claims in Construction
There are many forms of claims in the construction contract. While most are driven by a perceived breach of contract, with the claimant seeking to recover the costs incurred due to the violation, there are also claims due to professional negligence. Such claims are made in tort, i.e., a claim for general damages under common… Continue reading Negligence Claims in Construction
Golden Brick – What is it, and why is it important?
Has panic set in? You’ve been reading a Housing Association contract, or the words have been casually dropped in a meeting. Golden Brick. What’s that I hear you cry? Where are you going to get a golden brick from? Is it in the budget? Well, breathe easy and take a pew. Now is not the… Continue reading Golden Brick – What is it, and why is it important?
Exemption and Exclusions Clauses
If things go wrong on construction projects, the financial consequences can be significant. In some cases, the value sought to be recovered by the claimant is disproportionate to the value of the contract in place. All parties will carry insurance against certain liabilities, but with any insurance, this will have a limit of cover, whereas… Continue reading Exemption and Exclusions Clauses