Sr Desmond Loi (CQS, MRISM, CCM)’s Post

Delays in construction projects can increase costs by up to 15% due to extended labor costs, increased material prices, and additional project management expenses. Always monitor timelines closely and address any delays contractually to keep your projects on budget. If you need more support, hit the link below for a free consultation. https://lnkd.in/drK3dMij #promission #constructioncost #constructionmanagement #budget

🏗️ Mastering Scheduling & Delay Analysis in Construction In construction, delays can disrupt progress, budgets, and reputations. Understanding scheduling principles and delay analysis is critical to keeping projects on track and resolving disputes fairly. 🔑 Key Takeaways: 1. Critical Path Method (CPM): The backbone of project scheduling—delays to critical activities directly impact completion. 2. EOT (Extension of Time): Only critical delays justify EOTs, and compensation must link directly to employer-caused delays. 3. Concurrent Delays: A contractor cannot claim costs for delays they caused, even if employer delays occurred simultaneously. 💡 Best Practices: ✅ Build accurate schedules with clear logic, realistic durations, and input from all stakeholders. ✅ Always document progress, changes, and delays transparently for effective analysis. ✅ Address delays proactively—don’t wait until the end of the project. By refining scheduling practices and adopting clear protocols, we can mitigate risks, avoid disputes, and deliver successful projects. #ConstructionManagement #DelayAnalysis #CPM #ProjectScheduling #planning_with_RAHAL #Scheduling

📄 Construction Contracts - A Comprehensive Guide 🏗️ Are you navigating the complex world of construction contracts? 🤔 I'm excited to share a valuable resource that breaks down the essentials of contract types in the construction industry! This guide covers, 🤝 What is a construction contract and why it's crucial 💼 The inherent conflicts between contractors and owners 🏆 Major contract types, including, Fixed Price / Lump Sum 💰 Unit Price 📊 Cost Reimbursable 💸 Guaranteed Maximum Price 🎯 Target Price 🎯 Learn about, ✅ Risk allocation 📝 Work scope definition 💲 Pricing mechanisms ⏳ Time management This guide provides invaluable insights into the process of selecting the appropriate contract type for your project, regardless of whether you are a seasoned professional or new to the field.📚💡 Enhance your understanding of construction contracts and make informed decisions! 📚💡 #ConstructionContracts #ProjectManagement #ConstructionIndustry #ProfessionalDevelopment #RiskManagement

Understanding the Impact of Construction Contracts on Project Costs 🏗️ In the construction world, the type of contract you choose can significantly influence the overall cost of your project. Whether you're involved in a small-scale renovation or a large infrastructure development, it's essential to understand how different contract types can affect your bottom line. 🔨 Lump Sum Contracts: With a fixed price for the entire project, these contracts offer predictability but can lead to higher costs if unforeseen issues arise, as the contractor may include contingencies in their bid. 🔧 Cost-Plus Contracts: While offering flexibility by covering the actual costs plus a fee, these contracts can lead to cost overruns if not managed properly. They're ideal for projects with undefined scopes but require rigorous oversight. 📊 Unit Price Contracts: Useful for projects where quantities of work are uncertain, these contracts allow for adjustment based on the actual amount of work performed. However, they can result in fluctuating costs as project complexities unfold. ⚙️ Time and Materials Contracts: These are great for projects with unclear scopes, allowing payment for actual labor and material costs. However, they require strong project management to avoid unnecessary cost escalations. Choosing the right contract type is crucial for managing risks and controlling construction costs. Align your contract choice with your project goals, budget, and risk tolerance to ensure successful project delivery. #Construction #ProjectManagement #CostControl #ConstructionContracts

Construction Contracts , A Comprehensive guide to enhance the understanding of various forms of Construction Contracts for informed decisions.

🚧 New Blog Post Alert: Mastering Construction Schedules & Completion Dates! Effective scheduling is key to keeping construction projects on time and within budget. In our latest blog post, we share valuable insights on how to plan, monitor, and maintain schedules for successful project completion. 📌 In this article, you’ll learn: - Why accurate scheduling matters for minimizing delays and managing risks - Common scheduling challenges and how to overcome them - How our services, like our Construction Draw Inspections help manage scheduling delays Plus, we provide practical tips and resources to help you stay on track and avoid costly setbacks. Read the full post here: (https://hubs.li/Q02SB_3g0) #ConstructionManagement #ProjectScheduling #RiskManagement #NWM #ConstructionIndustry

In construction projects, some arguments come up time and time again. It’s possible to set your tenders and contracts up in preparation for these debates. Let's tackle a simple yet crucial one: resource levels. A common argument is that delays are not due to unforeseen events but because resource levels have been insufficient. A robust response to this is a direct comparison of the planned versus actual resource levels. However, this argument is only truly strong if you provided detailed information about your planned resources early on, before any events occurred. If you’ve never stated what your resource levels were planned to be, you’re going to face a much harder task demonstrating that your resource levels have been adequate. While it's not impossible to prove, you can set things up to make life easier for yourself by being proactive in your planning and documentation. By preparing detailed resource plans and communicating them clearly from the outset, you can effectively counter claims of insufficient resources and ensure smoother project execution. #ConstructionManagement #ProjectManagement #ResourcePlanning #DelayAnalysis #TenderPreparation #ContractManagement #ConstructionClaims #ProactivePlanning #ProjectDocumentation #Planetal #Construction

Construction projects involve different types of costs. Direct costs are expenses that are directly associated with a specific activity or component of the project, such as materials, labor, equipment, and subcontractor fees. On the other hand, indirect costs are expenses that are not directly tied to a specific activity or component of the project, but are necessary for its overall execution, such as project management, insurance, permits, utilities, and general site expenses. It is essential to properly account for both direct and indirect costs to ensure accurate project budgeting and cost control. This helps construction professionals ensure that all necessary expenses are accounted for, and that the project remains financially viable. By understanding the difference between direct and indirect costs, construction professionals can ensure that the project runs smoothly and is completed within budget. #construction #costcontrol #projectmanagement

In the construction industry, delays can often be as much a part of the process as the building itself. However, understanding the common causes of these delays can be the first step in mitigating them. Issues such as labor shortages, material delivery delays, and inefficient project management can derail a project's timeline. Proactive strategies, including thorough planning, effective communication, and the use of construction-specific tools, can help keep a project on track. Additionally, establishing a single source of truth for project details can significantly reduce time spent on administrative tasks, ensuring a more streamlined process. Learn more here: https://hubs.la/Q02Bllpd0 #CIVE #EngineeredWithValue #designbuild #construction #projectplanning #delays #constructiondelays #avoiddelays #projectmanagement #planning #mitigation

Your programme should link to your contract, not just the final completion date. Many contracts stipulate sectional or milestone dates, often for staged handovers or integration with other trades. Managing these dates is necessary, and the programme needs to be developed and managed with these in mind. The appropriate scope will need to link into the respective milestones to track and demonstrate progress/change on a regular basis. Without this, you could be blindly delivering for some time before realising that contract dates will not be met. By ensuring your programme aligns with the contract terms and conditions, you mitigate risks and enhance project control, making it easier to navigate any potential delays or disruptions. #ConstructionManagement #ProjectManagement #DelayClaims #Extensionoftime #EoT #ProgrammePlanning #RiskMitigation #ContractManagement #ProjectControl #Construction #CivilEngineering #Planetal