Professional Practice 1

In Professional Practice subject, I'd learned a lot of new knowledge about procurement methods, contract arrangements and tendering methods. Without this subject, I might not even know there are few different procurement methods in the construction industry. On top of that, I'd also be able to understand more on different types of contract arrangements in the industry such as lump sum contract, measurement contract, cost plus contract and so on. Different types of contract serves different purposes and there are pros and cons to the client and contractors. Nowadays, there are a lot of competitors in the construction industry, thus procurement methods are getting more and more important in this industry due to varies of construction methods. With different procurement and contract arrangements, client is able to choose the best methods in order to save cost, shorten construction period, full control of building design and so much more. Besides that, I've also learned in depth on Variation Orders, claims of Liquidated Damages and Extension of Time. This subject enables us to be more professional in our construction industry.