Schedules

The Threats of Bad Data and Opportunities of Good Data When Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects

A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible for 14% of avoidable rework, which amounts to $88 billion in costs. The construction technology firm Autodesk released the study on September 14, 2021, with management consulting firm FMI Corporation Read more…

By Tony, ago

How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels

One of the top great challenges that face project owners as well as contractors is how to convert their approved cost estimates into budgets that can be monitored, evaluated, and reported at the required cost breakdown structure (CBS) levels. For a project owner, there are different budget versions that derive Read more…

By Tony, ago

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