Knowledge Hub

The dynamics of a construction project often can lead to undesired impacts on the project's initial program. Project delays typically come associated with a financial burden and undesired consequences for both parties: owners are prevented from using the...

One crucial element in a construction contract is the agreed project baseline schedule/program, which outlines key milestones, completion dates, and commitments and facilitates resource planning, along with other contractual obligations.Given the dynamic nature of construction projects, these programs...

After reaching a final investment decision for a specific project, owners will typically proceed to tender and procure the construction package, selecting a skilful contractor to deliver the works.In the industrial construction space (i.e. energy plants, mining plants, oil and...

In many industries and corporations, the decision to develop and proceed with capital projects (e.g., the construction of a power plant, upgrades to an existing facility, construction of a new mining plant or oil and gas offshore platform)...

Construction contracts evolve to address industry needs, such as funding and financing requirements, risk appetite, and market conditions. With the recent increased flow of investments in energy projects, construction professionals have implemented different commercial arrangements to deliver these.Typically,...

To respond to the evolving nature of the construction industry, professionals in the niche have developed different procurement approaches and incorporated different contractual mechanisms to improve risk allocation and suit clients' preferences.One common mechanism found in contemporary contracting...

Public-Private Partnerships (PPPs), also known as P3s, have emerged as a procurement option for many governments worldwide over the last few decades.At the heart of this contracting approach, public institutions aim to deliver better public services and improved...

Construction projects are known for their complexity and dynamic nature throughout their lifecycle. Over the last few decades, multiple contracting frameworks have been developed to improve risk allocation between the parties and optimise project outcomes.Among them, the construction...

Insurance is crucial in mitigating risks and providing financial protection for various stakeholders involved in construction projects, such as owners, contractors, and financiers. These days, a wide range of policies exist with different coverage purposes. These guarantees are typically implemented to...

The initial development of complex engineering projects, such as oil rigs, manufacturing, mining and energy plants, is typically associated with various challenges, such as creating extensive technical details and specifications, assessing constructability, identifying essential resources, supply chain risks,...