The project’s responsibility assignment matrix (RAM) provides details of the entities and individuals involved in delivering the project. In addition, there are many other entities who have a role in delivering the project but are not necessarily part of the project’s RAM. Those could include all subcontractors and suppliers, local Read more…
The Issued for Construction (IFC) drawings are sets of detailed design drawings prepared by the Design Consultant and are an integral part of the Contract Documents which also includes specifications, the bill of quantity or schedule of values, the contract agreement, the general conditions, and the special conditions. Under the Read more…
By definition, a cost ledger is one of the books of account in a cost system to which entries are posted from books of original entry, the various accounts therein showing the accumulated costs classified by order, process, type of expense, and department. When it comes to managing the delivery Read more…
