NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MEANING OF LESSOR VS LESSEE-ALL YOU NEED TO KNOW Lessor and Lessee are two parties to a lease agreement. An agreement or a contract by which the owner (lessor) of a specified asset grants permission to another party (lessee) to use the asset for a specific period of time and with defined terms and conditions in […]
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ENVIRONMENTAL POLLUTION AS A TORT- ALL YOU NEED TO KNOW Pollution is a matter of global concern. The causes of environmental pollution can be traced back to human actions such as littering and contamination of the environment by companies dealing with hazardous substances.The actions of those causing pollution affect an individual directly or indirectly.
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PRINCIPLES OF INSURANCE CONTRACTS-ALL YOU NEED TO KNOW The Contract of Insurance is a contract whereby a person undertakes to indemnify another against a loss arising on the happening of an event or to pay a sum of money on the happening of an event. The person who insures is called “Insurer”. The person who effects the insurance is
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WINDOW ORIENTATION AND PLACEMENT- IN BUILDINGS The positioning of the windows in your home can also make a huge difference to energy efficiency and the admittance of natural light. Correct window placement can help create a brighter, cleaner, and healthier environment in your home. Window and home design can make a huge difference in utilizing
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MEANING OF OBSOLESCENCE-ALL YOU NEED TO KNOW Obsolescence is not depreciation. Both of them are two different terms. However, they are related. Depreciation is an accounting term and have a formal definition of ‘depreciation’, drafted by the Accounting Standard Committee (1987), is: “Depreciation is the measure of the wearing out, consumption, or other reduction in the
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GLOBAL POSITIONING SYSTEM(GPS)- ALL YOU NEED TO KNOW GPS stands for Global Positioning System. It is a highly accurate navigation system using signals from satellites to determine a location on the Earth’s surface, irrespective of weather conditions. It is dependent on satellites high above the Earth which transmit signals containing the time and location of
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LIQUIDATED DAMAGES AND PENALTY-ALL YOU NEED TO KNOW In the event of a breach of contract, the party at default must pay liquidated damages and penalties to the aggrieved party. Liquidated damages and penalty clauses are not synonymous and there is a difference between the two. These terms are often used interchangeably and sometimes create
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SOIL STRUCTURE AND THEIR TYPES-ALL YOU NEED TO KNOW The arrangement of soil particles and their aggregate into certain defined patterns is called structure. The primary soil particles and, silt and clay usually occur grouped together in the form of aggregates. Natural aggregates are called peds, whereas clod is an artificially formed soil mass. The
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SELF COMPACTING CONCRETE –ALL YOU NEED TO KNOW Self-compacting concrete, also known as self-consolidating concrete, is characterized by its high fluidity. Thanks to this property, it spreads into concrete formwork with no need for vibration equipment. This non-segregating concrete is distributed by its own weight, while maintaining the properties of regular concrete, such as durability and strength.
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DIVERSION HEAD WORKS IN IRRIGATION ALL YOU NEED TO KNOW Diversion Headworks:- Diversion headworks is constructed across a river to obstruct the flow of the river and raise the water level and afterward it will be diverted to the canals for irrigation and other purposes. Diversion headworks are also constructed over the canals it is also
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ACCOUNTING PROFIT AND TAXABLE PROFIT- ALL YOU NEED TO KNOW Public or Private Corporates or organizations are running businesses to earn or maximize profits. Higher profitability show business success, positive sustainability, and better market share. Business enterprises always try to find opportunities that offer more revenues or profits by implementing effective strategies. But high profit
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WATERPROOFING IN BUILDING CONSTRUCTION Waterproofing buildings is the method of forming a barrier over surfaces of foundations, roofs, walls and other structural members of buildings to prevent water penetrations through these surfaces. In summary, building surfaces are made water-resistant and waterproof. Waterproofing is the process of application of impervious material which acts as barrier
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