Tony

The world’s top organizations are selecting PMWeb because of its comprehensive features, functionality, and ease of use. Since 2007, PMWeb has been used by tens of thousands of users to manage their Plan | Build | Operate lifecycles.

Real-Time Single Version of the Truth Revenue and Income Recognition of Capital Construction Projects Using the Percentage of Completion Method 

Many Real Estate Developers use the percentage of completion method to calculate the amount of revenue and therefore income that can be recognized by their businesses on long-term capital construction projects. The method is in accordance with the matching or accruals concept of accounting and ensures that the costs incurred Read more…

By Tony, ago

How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects

One of the key issues associated with the execution of capital construction projects is the delayed payment of interim progress invoices to contractors which results in cash flow hardships and eventually claims and disputes. Nevertheless, this issue of delayed payments can also be associated with fraud actions where those involved Read more…

By Tony, ago

How to Improve the Monitoring, Evaluating and Reporting Progress Information of Work Tasks in Fit-out and Refurbishment Projects

Fit-out and refurbishment projects are in growing demand not only to address the branding and image requirements of an organization but also to comply with regulations for work areas, restaurants, movie theaters, play areas, public areas, and other types of regulations that organizations need to comply with to have a Read more…

By Tony, ago