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Showing posts with the label corporate governance

DID YOU EVER KNOW THESE CHARACTERISTICS OF CONSTRUCTION PROJECTS?

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  Construction projects are complex, dynamic, and multidisciplinary endeavours that require careful planning, execution, and monitoring. These projects involve a diverse range of stakeholders, including architects, engineers, contractors, clients, and end-users, each with their own unique perspectives and goals. The following discussion provides a critical analysis of the seven main characteristics of construction projects.   Dynamic : Construction projects are inherently dynamic because they involve a series of interconnected activities that are subject to change based on a variety of factors, such as weather, material availability, labor shortages, design modifications, and client preferences. As a result, construction projects require a high degree of flexibility and adaptability to respond to these changes and maintain progress towards project completion.   Multidisciplinary : Construction projects involve a wide range of disciplines, including architecture, engineeri...

CORPORATE GOVERNANCE AND SUSTAINABILITY IN CONSTRUCTION

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  Corporate governance and sustainability are two critical elements that play a pivotal role in the construction industry. While the former deals with the way a company is managed and directed, the latter is concerned with meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. In this article, we will explore the importance of corporate governance and sustainability in the construction industry and their interdependence. Corporate Governance in Construction Corporate governance is the system by which a company is directed and controlled. In the construction industry, this involves the way in which companies manage their operations, finances, and employees. Good corporate governance ensures that the company is accountable to its stakeholders and adheres to ethical principles and values. It also helps to promote transparency, integrity, and efficiency in the organization. In the construction industry, corporate gove...

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