Cost Management

How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects

One of the key issues associated with the execution of capital construction projects is the delayed payment of interim progress invoices to contractors which results in cash flow hardships and eventually claims and disputes. Nevertheless, this issue of delayed payments can also be associated with fraud actions where those involved Read more…

By Tony, ago

How to Have a Reliable and Traceable Estimated Labor Resources Cost at Completion on Capital Construction Projects

For most capital construction projects, the labor planning and efficiency reporting mainly focuses on the planned, earned, actually spent, estimate to complete, and estimated at completion labor resource hours. Nevertheless, most of them lack having a reliable and traceable estimated labor resources cost at completion. This is due to the Read more…

By Tony, ago

Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?

For most capital project owners in the public and private sector, ensuring that the right policies and procedures are implemented to deter fraud on their projects is always on their top priority list. Regardless of how comprehensive those project management procedures are, each procedure should have an output form that Read more…

By Tony, ago