Contract Management

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 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 could be invited to bid on their released bid packages and be awarded construction contracts and purchase orders if their proposals are selected. The prequalification process requires each contractor to Read more…

By Tony, ago

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 the Contractor’s Contract Price on Capital Construction Projects?”, will address how to how a single version of the truth cost performance status report of the contract agreement between the Project Read more…

By Tony, ago