An energy storage system (ESS) is a device or group of devices used to store energy and supply it for later use. Battery, chemical, electrochemical, mechanical, and thermal are some of the popular energy storage systems available to meet everyday energy needs.







Energy storage systems make it easier to store and deliver energy where and when needed to create a more resilient energy infrastructure and provide cost savings to consumers and utilities. Furthermore, these ensure… Continue

nternational competitive bidding (ICB) is a process in which companies from different countries compete to provide goods, services, or works to a buyer. This process is often used by governments and international organizations to procure goods and services, and it is intended to provide a fair and transparent way to award contracts.







The objective of ICB is to provide all eligible bidders a timely and adequate notification about a buyer's requirements. Furthermore, it also… Continue

Construction takeoff is the first step of the construction cost estimating process and provides a comprehensive understanding of the project material requirements and related costs. It is also commonly known as a “bill of quantities,” “material takeoff” (MTO), “quantity takeoff” (QTO), and “construction material takeoff.”







Escalating material costs and razor-thin margins make it all the more necessary to estimate project expenses and materials correctly. Therefore,… Continue

The construction bidding process involves the submission of a construction bid or a tender to the project owner to undertake the construction of a new project. The bidding process sometimes calls for bids to manage a construction project.







Construction bidding allows a general contractor or a construction manager to expand their businesses. On the project owner's part, various construction bids from prospective bidders allow getting the project done at the lowest bid or… Continue

A UN-backed initiative to build a floating city off the coast of Busan, South Korea, has been proposed to pioneer a new form of life in the face of climate-related sea-level rises.







The local administration struck a deal with UN-Habitat and Oceanix, a company formed by Danish architect Bjarke Ingels Group.







The goal is to construct a metropolis constructed of hexagonal modules that can withstand a category five hurricane.







South… Continue

Egis, a French infrastructure company, has been awarded the concession to manage the creation of a new €40 billion subterranean metro system in Tel Aviv, billed as Israel's largest infrastructure project ever.







The new metro will consist of three lines with a total length of 150 kilometers and 109 stations.







For the first 18 months, Egis and local partner Gadish Group will assist project owner NTA Metropolitan Mass Transit System Ltd. - the state… Continue

Massachusetts will obtain power from Mayflower Wind LLC and Vineyard Wind LLC's 1,600 MW offshore wind projects after selecting their bids as providing "the greatest overall value" to customers.







In May, the developers responded to a Request for Proposals (RFP). Their status as solicitation winners allows them to proceed to contract negotiations, according to the Massachusetts government. Following successful contract negotiations and regulatory approval, final contracts… Continue

Public Private Partnership (PPP) is a long-term contractual agreement between a government agency and a private sector entity to develop public service facilities and infrastructure assets. The core objective of the PPP project delivery model is to use less public money and raise private capital through a mutual reward and risk-sharing agreement with a private entity or a consortium of private sector entities. The participation of the private sector in public-private partnership projects… Continue

Qualitative market research, qualitative research, or qual research is a primary market research method that collects and analyzes non-numerical data and uses observation methods, as well as unstructured questioning techniques to provide actionable insights to researchers.







Qualitative market research goes beyond surface-level metrics and statistics to answer questions like “how do customers feel about various brands and why.” Such nuanced information helps grasp consumer… Continue

Build Operate Transfer model or Build Own Operate Transfer model is an investment model and a project delivery method, usually used for large-scale infrastructure projects. In such projects, a private entity receives a concession from the government, directly or indirectly, to design and construct a facility stated in the concession contract or MoU.







The private company also invests at its own risk during the construction phase. In return, the private firm gets the… Continue

Also known as “process simulation technology,” digital twin technology has gained a lot of momentum in recent times with applications spanning the automotive industry, healthcare services, manufacturing operations, power generation equipment, urban planning and more. Digital twins (DTs) are an integral part of Industry 4.0 (4IR or the Fourth Industrial Revolution) and form the foundation for connected products and services.







A digital twin is a virtual representation of… Continue