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Capturing, Accumulating and Sharing Knowledge by Formalizing Questions Raised and Answers Given on Capital Construction Projects
One of the proven methods for capturing, accumulating, and sharing knowledge on capital construction projects is to encourage project team...Read More
How Can Contractors Monitor the Status of Variation-Related Claim Steps on their Capital Construction Projects?
There are five steps that need to be followed by contractors to submit variation-related claims. Those variation-related claim steps are...Read More
Why Project Owners Should Enforce a Rigorous Work Inspection Request (WIR) Business Process on their Capital Construction Projects
For all capital construction project owners, having their completed facilities running without defects or issues is what matters most for...Read More
For Capital Construction Projects’ Contracts with the Time is of Essence Clause, Why Associating Project Schedule Activities with Business Processes Become a Must and Not a Choice?
Whether a contract agreement had explicitly stated the clause of “Time is of Essence” or not, it is a common...Read More
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...Read More
How can Capital Construction Project Owners Use the Correlation Algorithm to Have a More Meaningful Contractors’ Performance Profile?
One of the common business processes for any capital construction projects owners is the registration and qualification of contractors who...Read More
How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects?
The fourth and last article that relates to “How to Enforce the Culture of “100% Committed to Achieve” in Managing...Read More
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Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted
PMWeb Project Management Information System (PMIS) requisition module will be used to capture the details of all interim payment certificates...Read More
How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects?
In our last article “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price...Read More
How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?
For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts,...Read More
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Why Contractors Could Be Facing Unprecedent Threats When Project Owners Decide to Use Project Management Information Systems (PMIS) or Document Management Systems (DMS) to Enable Formal Communication Between Project’s Parties on Their Construction Projects
For construction projects that project owners have either adopted a Project Management Information System (PMIS) or even a Document Management...Read More
Assessing the Readiness of Contractors for the Commissioning and Startup Stage on Capital Construction Projects
Successful capital projects delivery requires thorough preparation and accurate execution during the planning, design, procurement, construction, commissioning, and startup project...Read More
What Measures Should Project Owners Take to Prohibit Contractors from Abusing the Request for Information Business Process on Capital Construction Projects?
In capital construction projects, a request for information (RFI) is a formal business process in which the contractor seeks clarification...Read More
Monitoring, Evaluating and Reporting Contractors’ Quality Performance on Capital Construction Projects
One of the key objectives for any project and in particular capital construction projects is the contractor’s compliance with achieving...Read More
How to Implement an Objective Quality Performance Index (QPI) to be Monitored, Evaluated, and Reported by Projects Owners on Capital Construction Projects
Quality is one of three key objectives of any project to be delivered including capital construction projects. Managing quality on...Read More
How Capital Project Owners Can Monitor, Evaluate and Report on Payments on Account Against Accepted Change Orders That are Not Yet Approved to Revise the Value of the Awarded Construction Contract Agreement
One of the key challenges that face many capital project owners, mainly in the public sector, is how to manage,...Read More
Why Project Owners Should Require Contractors to Develop Level 5 Construction Project Schedule if Artificial Intelligence is on Their Road Map?
On most construction projects, the Integrated Project Execution Schedule will usually be completed at Level 4 while Level 5 is...Read More
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Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective
The Association of Project Management (APM) Earned Value Management (EVM) guidelines can be used by Contractors to provide them with...Read More
How to Have an Agile Solution to Monitor, Evaluate and Report the Status of Procurement of Contracts on Capital Construction Projects
For those responsible for monitoring, evaluating, and reporting the status of the cost of a capital construction project, there will...Read More