Hello Young people!!! Looking for a house that meets modern technology and sustainable. Bored of traditional houses? Is there any new way of living for nature lovers? A cardboard modular house can be a choice! Really… Yes Table of Contents …
What is a Contract? A contract is a legally binding document between two or more parties that defines the rights and duties of parties to an agreement. As per Indian contract act 1872, contract means agreements which are enforceable as such …
What is a Contract? Types and Standard Forms of Contracts Read More »
A Cost plus contract is the type of contract in which the contractor gets paid all of their expenses plus and additional payment to allow for profit. Cost plus means something over and above the cost for completing the contract.
What is an Item Rate Contract? An item rate contract is the type of contract in which the contractor agrees to carry out the work as per drawings and specifications considering the payment made entirely on the basis of measurements taken as …
What is an Item Rate Contract? Explained with an example Read More »
What is a Lumpsum Contract? A lumpsum contract is a construction contract in which the parties agree to complete the project within a predetermined amount. This predetermined amount will be quoted based on the plans and specifications and it covers the entire …
What is a Lumpsum Contract? It’s Advantages and Disadvantages Read More »
Have you ever wondered about how new things come up into the world, I feel it is all about the human requirement from the problems that arise. In the construction industry we see many construction methods to build a structure, similarly ‘Insulated concrete forms’ is one of the emerging methods of construction
During the process of cost estimation, identifying the activities is not a simple task. As the name depicts ‘Identify Activities’ doesn’t mean just preparing a list of activities. It means that all the activities shall be identified with respective specifications as the item is designed.
Earned Value Techniques are the different ways through which the performance of a project can be measured and compared against the baseline of the project. The different EV methods or techniques are Discrete Apportioned Level of effort (LOE) Selection …
Earned Value Management is a project management methodology that helps the project managers to measure a project’s performance. It helps them to find out the variances by comparing the actual work performed with the planned work. It gives project managers the answer for the questions related to the project like “Where have we been?”, “Where are we now?” and “Where are we going?”. It provides the basics to assess the progress of work against a pre-set baseline plan and helps project managers in decision making.
A civil Engineer’s life is the most balanced life only a civil engineer can enjoy. Balanced, I mean it between work life and professional life. Don’t live your life comparing to other professions. Each profession is having its own advantages and disadvantages. “Only you can define your life irrespective of the profession you are in”.
