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Midhun Suvarnan -Mastering quantity surveying part 7 - quantity surveying interview questions
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🌟 Understanding Construction Essentials 🏗️💡
Ever wondered about the nitty-gritty of construction project management? Let's delve into some key terms:
1️⃣ Quantification: It's the process of precisely measuring and determining the quantities of materials, labor, and resources required for a construction project. Accurate quantification is crucial for budgeting and planning.
2️⃣ POMI CESMM: This stands for the "Principles of Measurement International - Civil Engineering Standard Method of Measurement." It provides a standard framework for quantifying and pricing civil engineering works, ensuring consistency and transparency in project estimates.
3️⃣ Provisional Sum: In construction contracts, a provisional sum is an amount set aside for work that cannot be accurately defined at the time of contract signing. It's typically used for unforeseen or undefined aspects of the project, providing flexibility within the budget.
4️⃣ Provisional Quantity: Similar to a provisional sum, a provisional quantity is an estimated amount allocated for materials or work that cannot be precisely determined at the outset of the project. It allows for adjustments as project details become clearer.
Understanding these concepts is vital for effective project management and cost control in the construction industry. Stay tuned for more insights!
#ConstructionManagement #ProjectManagement #Engineering #BuildingIndustry #CostEstimation #LinkedInLearning
Ever wondered about the nitty-gritty of construction project management? Let's delve into some key terms:
1️⃣ Quantification: It's the process of precisely measuring and determining the quantities of materials, labor, and resources required for a construction project. Accurate quantification is crucial for budgeting and planning.
2️⃣ POMI CESMM: This stands for the "Principles of Measurement International - Civil Engineering Standard Method of Measurement." It provides a standard framework for quantifying and pricing civil engineering works, ensuring consistency and transparency in project estimates.
3️⃣ Provisional Sum: In construction contracts, a provisional sum is an amount set aside for work that cannot be accurately defined at the time of contract signing. It's typically used for unforeseen or undefined aspects of the project, providing flexibility within the budget.
4️⃣ Provisional Quantity: Similar to a provisional sum, a provisional quantity is an estimated amount allocated for materials or work that cannot be precisely determined at the outset of the project. It allows for adjustments as project details become clearer.
Understanding these concepts is vital for effective project management and cost control in the construction industry. Stay tuned for more insights!
#ConstructionManagement #ProjectManagement #Engineering #BuildingIndustry #CostEstimation #LinkedInLearning
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