Tools

Why GREEN Category Should be One of The Vendor Pre-Qualification Categories if Capital Construction Project Owners Are Serious About Achieving the Net Zero Carbon Construction Objective

With the growing demand to decarbonize the construction industry, capital project owners should reward contractors and other vendors who are adopting practices to reduce the emission of carbon monoxide on projects that they execute. Rewarding those contractors can be achieved by including the GREEN category in the other categories used Read more…

By PMWeb, ago

Using Earned Value Management (EVM) for Reporting the Performance of Engineering Deliverables on Engineering-Procurement-Construction (EPC) Projects

The engineering stage of an Engineering-Procurement-Construction (EPC) project is of critical importance for all entities involved in delivering the project. During this stage, there will be a list of drawings, also known as deliverables, that the EPC contractor needs to produce and for which the project owner must approve before Read more…

By PMWeb, ago

How Can Capital Project Owners Monitor, Evaluate and Report on Accrual Expenses and Revenues on Their Projects?

Accruals are a form of accounting practice that can help to provide a more accurate representation of the economic condition of a project at the end of an accounting period. The purpose of monthly accrual is to record incurred expenses within the proper accounting period and to match expenses with Read more…

By PMWeb, ago