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Managing, Monitoring, Evaluating and Reporting Performance of Provisional Sums on Capital Construction Projects’ Contracts
It is very common for many capital project owners to include provisional sums in their contract agreements. Provisional sums are...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Blog Contract Management Costs Earned Value Management Forms Performance Reporting Portfolio Workflow
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...
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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...
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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,...
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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...
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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...
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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...
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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...
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Periodical Evaluation of Contractors Performance on Capital Construction Projects
Regardless of the capital construction project size, type or location, project owners need to have an evaluation of the performance...
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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...
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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,...
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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...
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Blog Contract Management Cost Management Costs Earned Value Management Performance Reporting Tools Workflow
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...
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