Performance Reporting

How Can Contractors Monitor the Status of Variation-Related Claim Steps on their Capital Construction Projects?

There are five steps that need to be followed by contractors to submit variation-related claims. Those variation-related claim steps are awareness of entitlement to claim, notice to engineer within 28 days, having a fully detailed claim within 42 days, the engineer’s response, and the agreement or determination of the claim. Read more…

By Tony, ago

Having a Report Worth Thousands of Words for Communicating Schedule and Cost Performance Status of Capital Construction Projects

For many capital construction projects’ stakeholders and in particular executive stakeholders, they always need to know whether a project is facing cost overruns and/or delays in completion date in order to have an accurate cost performance. The earned value method (EVM) provides a proven solution to answer those two critical Read more…

By Tony, ago

How to Provide a Better Prediction of the Possible Estimate to Complete (ETC) Value for Capital Construction Projects

For those who use the Earned Value Management (EVM) method on capital construction projects, the Estimate to Complete (ETC) measure provides them with the basis for calculating the Estimated at Completion (EAC) and Variance at Completion (VAC) measures. Nevertheless, the Estimate to Complete (ETC) measure needs to be adjusted to Read more…

By Tony, ago