Cashflow Management
Cashflow management is the process of monitoring and controlling the flow of cash into and out of a construction project.
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 is the total amount spent on making sure that a completed project meets the required quality
Cost Overrun
A cost overrun in construction is a situation where the actual cost of a project exceeds the original estimate or
Delay Claim
A delay claim is a request by a contractor or subcontractor for an extension of time, additional payment, or both,
Early Warning Notice
An early warning notice (EWN) is a formal communication used on construction projects to identify potential issues, risks or changes
Earnest Money Deposit (EMD)
An earnest money deposit (EMD) is a payment made by a buyer to a seller, or by a bidder to
Final Account Statement
A final account statement is a comprehensive financial document that reconciles the total cost of a completed construction project with
Interim Valuation
Interim valuations are the periodic assessment and valuation of the work completed by a contractor during a construction project. They
