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Cost Performance of FFE Procurement Contracts
The procurement of FF&E (furniture, fixtures & equipment) has a major role in the success or failure of an interior...
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Getting Paid for Deliverables
Regardless of your project type or size, each project creates deliverables, which are simply the results of the project or...
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Enforcing a Transparent Process for Keeping Track of Allocated Short-Term Funds for On-Going Capital Construction Projects that Need to be Slowed-Down
One of the key challenges facing Municipalities, Public Works Departments, and other public sector entities that are involved in delivering...
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How Can Capital Construction Project Owners Launch A No-Nonsense Integrated Cost Management Solution in One Day?
If you are a project owner who invests in capital construction projects, you fully understand that having a real-time single...
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Using Technology to Improve the Cost Estimating, Revenue Capturing and Actual Cost Incurred of Engineering and Design Deliverables on Capital Projects
For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a...
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Can Forensic Audits Help Recovering Funds Associated with Fraudulent Activities on Capital Construction Projects?
Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the...
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Using Earned Value Management (EVM) Measures to Monitor, Evaluate and Report the Zero-Budget Variance Goal for Public Sector Capital Projects Delivery
Municipalities, public works departments, utilities, and other public sector entities across the globe are planning to release many capital projects...
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Using Earned Value Method to Objectively Monitor, Evaluate, Report and Forecast the Performance of Investment Revenue Earnings
The capital investment revenue projects are the projects managed by the sales team to generate the anticipated revenue of the...
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How Can Investors in Capital Projects have a Real-Time Single Version of the Truth Solution to Monitor, Evaluate and Report the Financial Performance of their Investments Portfolio?
It is critical for entities who have selected to invest in capital projects, especially after the COVID-19 pandemic, to understand...
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Using Earned Value Management to Monitor, Evaluate, and Report Resources Efficiency Involved in Delivering Capital Projects
For engineering consultants, general contractors, EPC contractors, design-build contractors, subcontractors, and other entities whose project profitability depends on the efficiency...
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The Great Value of Cost Worksheets in Analyzing, Monitoring, Evaluating, and Reporting a Single Version of Your Capital Projects’ Portfolio Cost Performance
For organizations who are involved in the delivery of capital projects, regardless of whether they were the project owner, contractor,...
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How to Curb the Threat of Scope Creep to a Capital Project Budget?
One of the main objectives for capital project investments is to adhere to the approved project budget which was part...
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What Cost Curves Capital Projects Owners Must Have to Monitor, Evaluate and Report a Real-Time Single Version of the Truth of Their Projects’ Performance and Status?
For capital projects’ owners, having cost curves to monitor, evaluate and report the performance and status of those projects’ financial...
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Monitoring and Tracking Site Work Instructions on Construction Projects
Site Work Instructions (SWI) are written technical instructions issued to the contractor by the engineering consultant to execute a particular...
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Capital Project Owners’ Nightmare of Cost Overrun and Overestimated Benefits
Owners of capital construction projects always have the nightmare of cost overrun and overestimated benefits. Those two performance measures have...
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Capturing Supervision Consultant Overtime Charges for Supervising Contractor’s Activities in Construction Projects
One of the common items in interim payment applications for construction contracts is the deductions for the engineering consultant team...
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Using the Material Inspection Request (MIR) Process to Get Paid for Stored and Delivered Materials on Construction Sites
One of the elements of an interim payment on construction projects is the payment for the contractor’s procured material delivered,...
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Should ChatGPT Become One of The Must Applications to be Used on Capital Construction Projects?
The ChatGPT application (chat.openai.com/chat) is an open artificial intelligence platform that has been used by many in trying to get...
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Estimating the Finance and Overdraft Cost for Construction Project
One of the indirect costs that contractors need to estimate when submitting a bid for a construction project is the...
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Managing, Monitoring, Evaluating and Reporting a Project Contingency in Capital Projects
Risk buffering (or risk hedging) is the creation of some reserve or buffer that can absorb the effects of the...
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