Contract Management

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 issued by the contractor and approved by the project owner. This value is also known as the Earned Value (EV) which will be used in Earned Value Method (EVM) reporting. Read more…

By Tony, ago

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 on Capital Construction Projects?”, we have explained how EPC Contractor, General Contractor, Subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts can transform the awarded Read more…

By Tony, ago

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, ensuring the actual direct and indirect costs incurred during the project execution do not exceed the final awarded contract price is a must requirement. One of the possible methods to Read more…

By Tony, ago