One of the most important aspects of the construction procurement process is the management of client (owner) expenditure. For client expenditure management, risk analysis demands good estimates of the range of possible expenditures likely to occur and their probability of occurrence, while risk...

One of the factors affecting the success or otherwise of the procurement process is the quality of its financial management. In many cases, particularly in the early stages of a project, this is dependent on the accuracy of forecasts of future costs. For risk management purposes, what is most...

The construction industry of Yemen is experiencing economic and technical problems, which permeate most aspects of the industry. In addition, construction procedures consume excessive capital, time and resources that have a direct flow-on effect for the national economy and the nation?s...