Cost Management

061 Getting Paid for Material Delivered and Stored on Site in Construction Projects by Using Material Inspection Request (MIR) Process

One of the elements of an interim payment on construction projects is the payment for the contractor’s procured material delivered, stored and inspected at the project site. The contractor needs to provide supportive details of all material delivered as well as to quantify the remaining material stored at the project Read more…

By Tony, ago
PMWeb 7 Project Cost Plan

Creating the Capital Project Integrated Cost Plan that Can Progressively Elaborated During the Project Life Cycle Phases

The Cost Plan is the outline of the estimated project cost for the required resources to complete all project activities. The term “project cost” refers to the total sum the project in question will cost the company. Those could include the costs associated with the project direct and indirect costs, Read more…

By Tony, ago