MrQS

What is your approach to monthly commercial reporting?

Monthly report should tell the PM three things, where we are, where we are going, and what requires action.

● Where we are?

Approved budget
Actual cost
Certified payments
Progress

● Where we are going?

Forecast final cost
Cost to complete
Outstanding variations
Claims exposure
Risk exposure

● What requires action?

Major variances
Delayed approvals
Unresolved claims
Procurement risks
Potential budget overrun

That is a very PM-oriented answer.

1 day ago | [YT] | 0

MrQS

Understanding the Contractor's Master Programme in Construction Projects.

The Contractor’s Master Programme is the overall roadmap for delivering a construction project within the required time, cost, and contractual constraints. It establishes the sequence and duration of activities, key milestones, dependencies, resources, and the critical path. It provides the project team with a clear plan of how the works should progress from commencement through to completion.

The programme is also an important project control and contractual management tool. It provides a baseline for comparing planned and actual progress, identifying delays, monitoring productivity, coordinating resources, and taking corrective actions. Regular updates are essential because construction activities, resources, design information, procurement, and site conditions can change throughout the project.

From a contractual and claims perspective, a properly prepared and regularly updated programme can provide valuable evidence when assessing delays, disruption, and Extension of Time (EOT) entitlement. It helps establish the planned completion date, identify the causes and effects of delays, and analyse their impact on the critical path. Therefore, the Master Programme is not simply a scheduling document; it is a key tool connecting planning, project control, cost management, risk management, and contractual administration.

The Full Article:

www.linkedin.com/pulse/understanding-contractors-m…

1 week ago | [YT] | 0

MrQS

🔴CPD Advanced Masterclass: The Unrealistic Cost Planning in the GCC | Estimates.LK | MrQS Newsletter

What happens when a project budget looks attractive on paper but has little connection with market reality?

In this advanced CPD Masterclass, we examine the commercial consequences of unrealistic cost planning across the GCC construction and development market. The discussion moves beyond the initial estimate to explore how flawed early-stage budgets can affect investment decisions, financing, procurement, tendering, contract strategy, construction quality, claims, and ultimately project viability.

The central issue is simple: when design ambition and commercial reality are not aligned at the earliest stages, the consequences can continue throughout the entire project lifecycle.

What You Will Learn

🔹 The commercial consequences of unrealistic early-stage estimates
🔹 How inaccurate budgets can undermine investor confidence and ROI assessments
🔹 Why underfunded projects encounter financing and joint-venture challenges
🔹 How unrealistic budgets damage relationships between employers, designers and contractors
🔹 The connection between unrealistic budgets and adversarial contract strategies
🔹 The risks associated with unsustainable tendering and "suicide bidding"
🔹 How low-cost procurement can contribute to contractor distress, disputes and claims
🔹 The impact of late-stage value engineering on design quality and functionality
🔹 Why early value management is more effective than destructive cost cutting during construction
🔹 How elemental cost planning can improve early-stage cost certainty
🔹 The importance of regional benchmarking and reliable historical cost data
🔹 Sensitivity analysis, risk allowances and contingency planning
🔹 Practical approaches to validating project budgets before design development and tendering

From Estimate to Project Risk

Cost planning is not simply about producing a number. It is about establishing whether the proposed scope, quality, programme, procurement strategy and market conditions can realistically coexist within the available budget.

A budget that is deliberately or inadvertently understated can create a false sense of affordability. Once the design develops and market pricing catches up with the project, the resulting gap can lead to redesign, scope reduction, procurement delays, tender disputes, contractor claims and significant commercial pressure.

For developers, consultants, quantity surveyors, cost managers, contract administrators and project controls professionals, understanding this chain of consequences is essential.

2 weeks ago | [YT] | 0

MrQS

🔴 FIDIC Force Majeure Explained | Middle East Crisis & Contractor Rights

How does war affect construction contracts under FIDIC?

In this video, we examine how the February and March 2026 Middle East conflict highlighted the practical application of Force Majeure under the FIDIC Red Book. Using real project scenarios, we explain what contractors, employers, engineers, and consultants need to know when armed conflict disrupts project delivery.

Topics covered include:

• Force Majeure under FIDIC 1999 (Clause 19)
• Exceptional Events under FIDIC 2017 (Clause 18)
• The difference between Force Majeure and Employer's Risks
• Notice requirements and contractual procedures
• Extension of Time (EOT) entitlement
• Mitigation obligations during war and regional conflicts
• Supply chain disruption and material shortages
• Port closures, airspace restrictions, and logistics delays
• Termination provisions under FIDIC
• Interaction with UAE Civil Code hardship provisions
• Practical contract administration during geopolitical crises

Whether you are a Quantity Surveyor, Contracts Engineer, Project Manager, Planning Engineer, Claims Consultant, Employer, Contractor, or Engineering Consultant, this video provides practical guidance on managing contractual risk during extraordinary events.

If you found this video valuable, please Like, Share, Comment, and Subscribe for more expert insights on FIDIC Contracts, Claims, Commercial Management, and Quantity Surveying.

Subscribe for more:

● Follow Mrqs

#FIDIC​ #ForceMajeure​ #ExceptionalEvents​ #Contracts​ #ConstructionLaw​ #QuantitySurveyor​ #Claims​ #EOT​ #CommercialManagement​ #ProjectManagement​ #Construction​ #MiddleEast​ #Engineering​ #Infrastructure​ #ContractAdministration​ #MrQS​

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https://www.youtube.com/watch?v=PGr0t...

3 weeks ago | [YT] | 0

MrQS

construction costs are no longer driven by construction alone, global events, capital flows, energy markets, technology, demographics, and geopolitics are becoming fundamental determinants of project cost and commercial risk.

1 month ago | [YT] | 0

MrQS

An advanced masterclass podcast between two construction, commercial, and risk management specialists analyzing the global construction and infrastructure outlook, opportunities, and key systemic challenges.

#COMINGSOON

1. Geopolitical Risk & Supply Chain Stress: Discuss the spike in geopolitical risk, the commercial impact of shipping disruptions in strategic maritime channels like the Strait of Hormuz, Asian exposure to disrupted LNG trade, rising construction and home-building costs, and persistent supply chain pressures.

2. Global Megatrends Shaping the Industry:

- Digital Infrastructure & AI: The boom in data center construction, hyperscaler capital expenditure, and the direct impact on power demand (with data center electricity split 40% computing, 40% cooling, and 20% other associated equipment). Highlight Asia's role in the AI export market.

- Energy Transition & Defense: The shift toward nuclear power, the complex commercial trade-offs between cheap manufacturing imports and sovereign capacity (such as solar and battery manufacturing), and how rising military spending diverts public capital.

- Sovereign Funding Capacity: Contrast countries constrained by high gross public debt with those possessing fiscal capacity to invest heavily in infrastructure. - Demographic Divergences: The split between nations past their population peaks and those growing rapidly, and how urbanization drives long-term residential, non-residential, and civil engineering growth, particularly in Asia.

3. Systemic Implications & Challenges: Detail the severe labor shortages, the aging construction workforce, and a critical analysis of why artificial intelligence is highly unlikely to solve the sector's long-standing productivity deficit due to low potential sectoral benefit.

1 month ago | [YT] | 0

MrQS

In this masterclass, we will follow the journey of a construction dispute from the arbitration agreement and tribunal jurisdiction, through claims, evidence, delay analysis, quantum, pleadings and hearings, all the way to the arbitral award and its enforcement.

1 month ago | [YT] | 0

MrQS

Welcome to this advanced MrQS masterclass on Construction Arbitration.

Arbitration is often seen as a legal discipline, but in construction disputes, the reality is much broader. A successful arbitration requires an understanding of contracts, claims, project records, evidence, delay, quantum, procedure and the way an arbitral tribunal evaluates and determines a dispute.

For a Quantity Surveyor, Contracts Engineer, Commercial Manager or Project Controls professional, the important question is not simply, “What is arbitration?”

The real question is:

What do you need to know to become effective in Arbitration?

In this masterclass, we will follow the journey of a construction dispute from the arbitration agreement and tribunal jurisdiction, through claims, evidence, delay analysis, quantum, pleadings and hearings, all the way to the arbitral award and its enforcement.

We will also look at the transition from construction professional to arbitration practitioner, and what it takes to move from simply managing claims to analysing disputes from the perspective of an arbitral tribunal.

So, whether you are working with FIDIC contracts, managing construction claims, preparing for arbitration, supporting an arbitration team, or considering a future career as a construction arbitrator, this session is designed to give you a practical framework for understanding the world of construction arbitration.

Let us begin, wait till today evening!

1 month ago | [YT] | 1

MrQS

Construction Risk Management in the GCC | Advanced Masterclass Discussion

Construction risk in the GCC is becoming more complex, with contractors facing tighter regulatory requirements, cost volatility, extreme weather conditions, supply chain disruption, subcontractor failures, and increasingly demanding financial security arrangements.

This advanced masterclass examines the practical risk landscape facing contractors in the GCC in 2026. The discussion moves beyond textbook risk management and focuses on how commercial, contractual, operational, financial, and regulatory risks interact on major projects.

Key areas covered

* Regulatory and compliance risks, including environmental requirements and project escrow obligations
* Inflation, tariff changes, cost escalation, and their impact on project margins
* Extreme heat and weather-related risks, including heat mitigation measures and MOHRE midday break requirements
* Supply chain disruption, procurement exposure, and long-lead materials
* Subcontractor default and insolvency risks, with particular attention to MEP subcontractors
* Back-to-back subcontracting and the practical limitations of contractual flow-down provisions
* Privity of contract and the challenges of securing equivalent project relief
* Performance bonds, on-demand guarantees, and the risks associated with bank liquidation
* Parent company guarantees and their role in contractor risk protection
* Early identification, allocation, monitoring, and mitigation of construction risks
* Practical risk registers, contractual safeguards, and decision-making strategies for 2026

The masterclass also considers how contractors can strengthen their risk position before problems become claims, disputes, or major financial losses.


#ConstructionRiskManagement #GCCConstruction #FIDIC #ContractManagement #ConstructionClaims #ProjectControls #QuantitySurveying #UAEConstruction #RiskManagement #ConstructionContracts

1 month ago | [YT] | 0

MrQS

Watch → Learn → Subscribe

At MrQS, every video is created to share practical knowledge, real-world experience and valuable insights in Quantity Surveying, Contracts, Claims, Cost Control and Project Management. **Watch to learn, apply the knowledge to your work, and subscribe to MrQS to keep learning and growing with us... ‪@MrQS.Newsletter‬

1 month ago | [YT] | 0