ARCHITECTURAL WORLD

According to the latest RICS India Construction Market Survey for Q3 2012, workloads in the sector continue to rise despite the slowdown in the wider economy. The survey result indicate that sentiment remains relatively upbeat for both the private housing and private industrial sectors; however sentiment has turned negative for public non-housing segments. Additionally, workloads in energy and oil and gas, edged lower for the second consecutive quarter. Interestingly, the all-important infrastructure sector is continuing to witness growth, albeit at a more modest pace than in the precious quarter of the year. Also, the RICS India Construction Survey which has been designed to capture the sentiment of professionals working in the sector Indicates that respondents are fairly upbeat on the prospects of workloads, employment and profit margins in the coming year. In fact, 97% of the respondents anticipate an increase   over the next twelve months on workloads, with growth e...

Construction management refers to those management services performed by an architect, engineer, or contractor under separate or special agreement with the owner of a construction project. Traditionally, these services are not a part of the architect’s or engineer’s basic services, but additional services. Often these services are included in a comprehensive service or construction management contract. The construction management contract formalizes the arrangement wherein responsibilities for coordination and accomplishment of project planning, design, and construction are given to a single construction firm. Construction management services include nine primary activities: developing and operating the overall management system, estimating the project cost, project planning, project scheduling, reduction of project time duration, resource management, project time control, the project cost system, and contract administration. Developing and operating the overall management system provi...