Tools

Monthly Progress Report Checklist for Comprehensive Performance Report of Capital Construction Projects 

Reporting the performance of capital construction projects is a must requirement regardless of the project type, size, phase, or even project delivery method. To have trustworthy, credible, and traceable performance reporting, the reporting should be bottom-up where Detailed Reporting or Level 3 provides the necessary input for Level 2 Project Read more…

By Tony, ago

Real-Time Single Version of the Truth Revenue and Income Recognition of Capital Construction Projects Using the Percentage of Completion Method 

Many Real Estate Developers use the percentage of completion method to calculate the amount of revenue and therefore income that can be recognized by their businesses on long-term capital construction projects. The method is in accordance with the matching or accruals concept of accounting and ensures that the costs incurred Read more…

By Tony, ago

How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects

One of the key issues associated with the execution of capital construction projects is the delayed payment of interim progress invoices to contractors which results in cash flow hardships and eventually claims and disputes. Nevertheless, this issue of delayed payments can also be associated with fraud actions where those involved Read more…

By Tony, ago