Tools

Using Technology to Improve the Cost Estimating, Revenue Capturing and Actual Cost Incurred of Engineering and Design Deliverables on Capital Projects

For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a construction project will not be the right solution when it comes to estimating the cost of engineering and design projects. Unlike construction projects where the cost is driven by equipment, Read more…

By PMWeb, ago

The Single Version of Truth for Capital Construction Projects’ Commercial Performance for Real Estate Developers

For real estate developers, private equities and other entities who invest in capital construction projects always need to have a real-time single version of the truth dashboard to monitor and evaluate the commercial performance status of those projects. The commercial performance dashboard needs to report on the project or projects’ Read more…

By PMWeb, ago

Can Forensic Audits Help Recovering Funds Associated with Fraudulent Activities on Capital Construction Projects?

Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the project budget (Source: Association of Fraud Examiners, Russian Branch). In general, funds spent on capital construction projects are considered a sunk cost. A sunk cost refers to money that has Read more…

By PMWeb, ago