Forms

Why Most Updated Schedules for Capital Construction Projects Might Not Be That Perfect

One of the great challenges on capital construction projects is how frequently the project schedule needs to be updated. The common practice is to update the project schedule on a weekly basis. Bi-weekly or monthly schedule updates proved to be too long and fail to provide meaningful schedule delay alerts Read more…

By Tony, ago

Cost Breakdown Structure (CBS) for Capital Construction Project Revenues 

For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus on the cost for delivering the project’s real estate investment. The cost breakdown structure details all soft and hard costs required to deliver the project including the costs associated with Read more…

By Tony, ago

Contractual Obligations and Implications Under the FIDIC Contract Form of Agreement for Sub-Clause 4.21 Monthly Progress Report on Capital Construction Projects

FIDIC sub-clause 4.21 requires the contractor to prepare monthly progress reports, the first of which shall cover the period up to the end of the first calendar month and, like all succeeding monthly progress reports, should be submitted within 7 days of the last day of the period covered.  This Read more…

By Tony, ago