Contract Management

Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 1: Achieving the 100% Buyout

It is a very common practice among construction contractors to joint venture when it comes to delivering mega-sized projects. Further, in many countries, international contractors are required to joint venture with local contractors when it comes to delivering public sector-funded projects. Joint ventures help contractors to share risks, increase their Read more…

By PMWeb, ago

How Contractors Reduce Disputes when Doing Final Accounts on Capital Construction Projects

In an article titled “Why do Final Accounts lead to Disputes?” written by Andy Hewitt on Claim Class, November 16, 2020 (https://www.constructionclaimsclass.com/why-do-final-accounts-lead-to-disputes/), five reasons were identified as the possible reasons for disputes when doing the final account on a capital construction project. Those were the contractor’s failure to submit notices Read more…

By PMWeb, ago

How To Do Earned Value Management (EVM) Reporting If You Have to Depend on Others for Project Contract Management Data?

On some capital construction projects, the management of all financial matters including contract management will not be carried out at the project level. Whether it was a project owner or contractor, the common practice is that all financial and contract management processes will be managed by the entity’s contract management Read more…

By PMWeb, ago