Tools

Improving the Monitoring, Evaluating and Reporting the Performance of Long Lead Procurement Items on Capital Construction Projects

For capital construction projects, long lead items are those construction components that will require a long time to obtain. In many cases, the long lead items will require the approval of shop drawings, or formal submittal approval, prior to ordering. The procurement of those long items can often have a Read more…

By Tony, ago

Can Machines be Trained to Learn How to Detect Fraud Transactions on Capital Construction Projects?

The tendency to commit fraud is very much part of every business and capital construction projects are no different. Actually, there are more chances to commit fraud on a project than operational frauds where usually corporate policies and procedures are well enforced and internal or external audit is an ongoing Read more…

By Tony, ago

Why Digitizing Business Processes is a Must to Stop Faking Collaboration on Capital Construction Projects

Collaboration is becoming a requirement for the successful management of capital construction projects. Project participants are realizing that sharing of knowledge and information is one of the key elements of a successful contractual relationship. A key requirement for effective collaboration is to move away from manual paper-based business processes toward Read more…

By Tony, ago