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  • Stakeholder Perspectives on Construction Contracts and Claims

    Stakeholder Perspectives on Construction Contracts and Claims

    Contract claims result from a wide variety of issues that arise throughout the lifecycle of construction projects. Conflicts and dispute should be resolved expeditiously to avoid additional costs and delays that adversely affect profitability. Contract errors, inaccurate estimates, changing conditions, and stakeholder involvement account for the majority of problems. Claim management procedures address issues with…

  • Measuring and Comparing Construction Activities

    Measuring and Comparing Construction Activities

    Critical path method and project evaluation and review technique were developed for scheduling of important tasks. Analysis of these schedules resulted in several project performance and labor productivity indexes. The construction industry remains a dangerous and physically demanding one. It consumes vast amounts of natural resources and is major producer of environmental waste. Project managers…

  • Earned Value Management in Construction Cost Analysis

    Earned Value Management in Construction Cost Analysis

    Earned value management measures project performance based on scope, schedule and cost. Utilization of these methods improves planning, tracks progress, and mitigates risks. Analysis of planned value, actual cost, and earned value provide key indicators in estimating budget, duration and probability of success. These tools offer greater cost control, assess and predict performance, help achieve…