Knowledge Hub

Construction projects are full of unexpected challenges, from weather disruptions to supply chain delays. With multiple stakeholders involved and intricate logistics at play, even minor setbacks can have significant financial consequences, leading to distress for both project owners...

In construction projects, formal approvals and well-defined timelines are essential for seamless execution. A key document in this process is the Notice to Proceed (NTP), which grants a contractor the official authorization to commence work.Beyond its administrative function,...

In recent decades, construction agreements have continuously evolved and been refined to allocate and distribute risks better between employers and contractors.Time-related risks are among the critical challenges in construction projects, with delays and disruptions potentially leading to significant...

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...