A construction contract is a mutual or legally enforceable agreement between two parties based on written policies and criteria. There are one or more property owners and one or more contractors participating. The owner, sometimes referred to as the ’employer’ or the ‘client,’ has complete authority to determine the type of contract to be adopted for […]
As in other industries, construction procurement is the process of procuring goods and services. A project manager must have a solid procurement procedure in place to achieve optimal efficiency for effective project delivery. This procedure has a significant impact on the operation and must incorporate the most cost-effective supply purchases, while considering schedules, quality, and […]
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