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Real-Time Single Version of the Truth Revenue and Income Recognition of Capital Construction Projects Using the Percentage of Completion Method
Many Real Estate Developers use the percentage of completion method to calculate the amount of revenue and therefore income that…
How can Capital Construction Project Owners Use the Correlation Algorithm to Have a More Meaningful Contractors’ Performance Profile?
One of the common business processes for any capital construction projects owners is the registration and qualification of contractors who…
How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects?
The fourth and last article that relates to “How to Enforce the Culture of “100% Committed to Achieve” in Managing…
Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted
PMWeb Project Management Information System (PMIS) requisition module will be used to capture the details of all interim payment certificates…
How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects?
In our last article “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price…
How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?
For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts,…
Why Contractors Could Be Facing Unprecedent Threats When Project Owners Decide to Use Project Management Information Systems (PMIS) or Document Management Systems (DMS) to Enable Formal Communication Between Project’s Parties on Their Construction Projects
For construction projects that project owners have either adopted a Project Management Information System (PMIS) or even a Document Management…
Assessing the Readiness of Contractors for the Commissioning and Startup Stage on Capital Construction Projects
Successful capital projects delivery requires thorough preparation and accurate execution during the planning, design, procurement, construction, commissioning, and startup project…
What Measures Should Project Owners Take to Prohibit Contractors from Abusing the Request for Information Business Process on Capital Construction Projects?
In capital construction projects, a request for information (RFI) is a formal business process in which the contractor seeks clarification…
Monitoring, Evaluating and Reporting Contractors’ Quality Performance on Capital Construction Projects
One of the key objectives for any project and in particular capital construction projects is the contractor’s compliance with achieving…
Periodical Evaluation of Contractors Performance on Capital Construction Projects
Regardless of the capital construction project size, type or location, project owners need to have an evaluation of the performance…
How to Implement an Objective Quality Performance Index (QPI) to be Monitored, Evaluated, and Reported by Projects Owners on Capital Construction Projects
Quality is one of three key objectives of any project to be delivered including capital construction projects. Managing quality on…
