Technical Spesification
Technical specifications detail the exact requirements and standards for materials, components, and processes used in a project.
Precision defines technical excellence
Precision defines technical excellence by ensuring every detail meets exact standards, minimizing errors, and maximizing efficiency. It leads to superior quality, reliability, and performance, reflecting a commitment to achieving the highest level of craftsmanship and accuracy.
However, lump sum contracts have specific criteria that can be both a benefit and a hindrance to a construction project.
Constructability and Budget Control
constructability ensures the design can be practically implemented, while budget control, with the help of the S-curve, tracks and manages financial performance throughout the project’s lifecycle.
Cost fluctuations
Cost fluctuations in the context of the S curve are divided into 3 parts, namely Initial Phase (Slow Start), Mid-Phase (Acceleration), and Final Phase (Diminishing Returns). Provisional sums
provisional sums allow for flexibility in managing unexpected costs, while the S-curve helps in visualizing and tracking these costs over the project’s duration, ensuring financial control and accurate forecasting.
