For real estate developers and investors, the performance of their real estate investments is not limited to the stages of planning, design, tendering, construction, and handing over the completed facilities but also extends to the operations and maintenance stage of those facilities. This is the stage where the real estate Read more…
Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and reporting the project’s cost is always a must requirement. This requires as a minimum to have a real-time report that provides a single version of the truth of the project’s Read more…
Project contingency reserve is the amount to be added to the project’s baseline budget to cover the monetary impacts of project risks or uncertainties. Project contingency reserve is established for each project based on the acceptable risks, the degree of uncertainty, and the desired level of confidence for meeting the Read more…
