Cashflow Management
Cashflow management refers to the process of monitoring and controlling the flow of cash into and out of a construction
Construction Cost Index (CCI)
The Construction Cost Index (CCI) is a measure used to track changes in the cost of construction over time. It
Construction Law
Construction law refers to the body of legal principles and regulations that govern the planning, design, construction, and management of
Cost of Quality
The cost of quality refers to the total amount of money that is spent on ensuring that the completed project
Cost Overrun
Cost overruns in construction refer to a situation where the actual cost of a construction project exceeds the initial estimated
Delay Claim
A delay claim is a request made by a contractor or subcontractor for compensation or an extension of time due
Early Warning Notice
An early warning notice (EWN) in relation to quantity surveying is a formal communication tool used in construction projects to
Earnest Money Deposit (EMD)
An Earnest Money Deposit (EMD) is a payment made by a buyer to a seller or contractor to demonstrate their
Final Account Statement
A Final Account Statement in quantity surveying is a comprehensive financial document that reconciles the total costs of a completed
Interim Valuation
Interim valuations in construction refer to the periodic assessment and valuation of the work completed by a contractor during the
