How Technology Can Support Commercial Managers with Vendor Management Processes
In accordance with the Royal Institute of Chartered Surveyors (RICS), Vendor Management, or the ‘upfront’ management of the supply chain,…
Demystifying the Truth About Connected Cost for Financial Performance Reporting
Having a single-version-of-the-truth financial performance reporting is one of the important, if not the most important, requirements when it comes…
Ensuring the Timely Report Distribution to Project Stakeholders
One of the key requirements for any project, including capital construction projects, is the time distribution of performance and status…
Implement and Document a Proactive Solution to Issue Alerts Against Delays in an Engineer’s Response to Schedule-Sensitive Project Communications
One of the common reasons for contractors’ claims on capital construction projects are delays associated with responding and approving schedule-sensitive…
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…
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…
How Real Estate Owners, Investors and Operators See Details of All Raised Work Requests and Work Orders Across Properties
For real estate owners, investors, and operators, monitoring, evaluating, and reporting the status of all raised work requests and open,…
Eliminate Risks Stemming from Performing Project Management Processes on Capital Construction Projects
When it comes to assessing risks in capital construction projects, one of the first tasks in the project risk management…
Achieving Project Visibility for Capital Project Owners who Digitally Transform their Projects Delivery
Although implementing digital transformation for the management of capital construction projects delivery might take weeks if not months to complete,…
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…
Analyzing the Prequalification Scoring for Potential Consultants and Contractors
For capital project owners, outsourcing the project’s scope of work to qualified engineering consultants and contractors is one of the…
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,…
