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Escalation - Part 2

The second part to "Escalation" is being posted a little over 2 years after the first post, so in case you'd want to refresh on part one, please find appended the link: Escalation - Part 1 The second method is based on PAN India details, basically the RBI's Wholesale Price Indices. Firstly, RBI stands for Reserve Bank of India, the RBI as part of inflation control and monitoring has set up an index, called the Wholesale Price Index (WPI), which provides a means to monitor an increase/decrease in commodity prices. It is a very exhaustive list and covers all most all commodities in circulation within India and some export commodities as well. The WPI essentially tracks the commodities with respect to a clear baseline. This baseline is always indicated at the top of the monthly bulletin/circular, which is published on the RBI website, appended is a link to one such bulletin: https://www.rbi.org.in It would also be nice to note that by using this method of calculation bot...

RIBA WORK STAGES 2020

Right, so this is an 'on the go' post, since RIBA is becoming popular in 'hear and say' in India too, a few questions have been asked to me about the work stages that the RIBA Plan of Works 2020 has, to start here are a couple of links to the documents that you can use to check the original RIBA Plan of Works: Note: These are helpful, so please take your time to go through them, since this article/post is my interpretation on the RIBA. 1)  RIBA 2020 - Overview 2)  RIBA 2020 - Chart As such if you feel, you are not following a particular workflow process then you are in all probability using a combination of the APM (Association of Project Management) workflow and the AIA (American Institute of Architects) workflow with the inclusion of a Schematic Design Phase and a Tender Stage. Let's make it clear that there is no hard and fast rule, these workflow schemes just help with standardization and depending on the uniqueness of the projects the workflows will be altered ...

Reconciliation of Materials in a Construction Contract

Reconciliation is a very tricky topic to deal with. Most people will tell you that reconciliation is essential for a "free issue" or "client issue" contract. In my opinion reconciliation is very important for all types of construction contracts. The reason for my opinion is that I have had the good fortune to work with multiple types of contracts in the course of my career and invariably I find that it becomes essential to know what has/is going into your building and an effective method for a QS is by doing the material reconciliation, this certainly does not disregard the roles of the PM & the QA/QC Engineers, it is but a means of cross checking, as the close out figures will have actual consumption coefficients' that can be utilized to ascertain the connection with the initial design coefficients'. Also, reconciliation will always keep a check on the contractor and the wastage components. Coming to the process of material reconciliation: - Id...