Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 4: Earned Income, Earned Value and Actual Cost

As the construction contract commences, there will be three important processes that the JV Contractor needs to manage to be able to report the project’s financial performance. The first is the earned income (EI) for work the JV Contractor has invoiced the project owner for on the Income JV Contract, Read more…

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…