How to Use Procurement to Enable Agile Digital Transformation of Procurement and Contract Management in Organizations
Although a Project Management Information System (PMIS) like PMWeb mainly manages the delivery of capital construction projects, nevertheless, organizations can…
Ensure That Progress Invoices Are Paid Only When The Interim Payment Certificates Are in Accordance with the Requirements Set in the Contract Agreement
When it comes to delivering capital construction projects, one of the processes that are common to all those projects is…
Create and Maintain a Cost Database Using the Unit Price Rates of their Awarded Lump Sum Contracts
Unlike contractors who need to have a detailed estimate for the cost of labor and equipment resources, material, subcontract items…
Why Project Owners Should Disallow Unbalanced Bids on Their Capital Construction Projects
Unbalanced bidding is a serious problem for capital project owners because it may increase the risk of construction cost overrun…
Prevent Material Waste on Construction Sites
One of the major dilemmas that face contractors on construction sites is how to reduce material waste such as steel…
Analyzing a Projects’ Financial Data Using Business Intelligence and Data Visualization Tools
One of the key reporting requirements by executive stakeholders is to visualize the source of reported financial data on capital…
Why It is Critical to Align Progress and Financial Periods for Capital Construction Project Performance
One of the common requirements for all capital construction projects is to have a monthly assessment and appraisal of a…
Using Organizational Charts to Document the Roles and Responsibilities and Performance Appraisal in the Delivery of Capital Construction Projects
The delivery of capital construction projects usually involves a large number of individuals who will be assigned duties and responsibilities…
How to Have a Trustworthy and Auditable Anticipated Estimate to Complete (ETC) Projection
When it comes to delivering capital construction projects, the use of earned value management (EVM) measures and metrics are very…
Creating the Perfect Project Budget Performance Report
Whether we like it or not, managing, monitoring, evaluating, and reporting the budget performance for capital construction projects takes priority…
The Earned Performance for Procurement Activities on EPC and LSTK Contracts
In our last article titled “The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts”, the level…
The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts
One of the key requirements on Engineering-Procurement-Construction (EPC) and Lump Sum Turnkey (LTSK) contracts is the formal documentation, monitoring, evaluation,…
