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552-Fraud-Actions-in-Releasing-Progress-Invoices_Page_1_Image_0001

How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects

May 9, 2022
One of the key issues associated with the execution of capital construction projects is the delayed payment of interim progress…
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545-Forecast-Actual-Labor-Cost-at-Completion_Page_1_Image_0001

How to Have a Reliable and Traceable Estimated Labor Resources Cost at Completion on Capital Construction Projects

April 22, 2022
For most capital construction projects, the labor planning and efficiency reporting mainly focuses on the planned, earned, actually spent, estimate…
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534-Well-Thought-Of-Output-Forms_Page_3_Image_0002

Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?

March 28, 2022
For most capital project owners in the public and private sector, ensuring that the right policies and procedures are implemented…
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533-Integrating-Risk-with-Change-Management_Page_7_Image_0001

Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?

March 26, 2022
The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders…
Read more
533-Integrating-Risk-with-Change-Management_Page_7_Image_0001

Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?

March 26, 2022
The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders…
Read more
532-Data-Needed-to-Train-your-Machine_Page_1_Image_0001

What Historical Data is Needed to Train Your Machine to Better Predict Cost Overruns and Schedule Delays on Capital Construction Projects?

March 24, 2022
The demand of predicting future results based on current performance and actions has been always a requirement when it comes…
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529-Maintain-the-100-Commitment_Page_6_Image_0001

How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects?

March 17, 2022
In our last article “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price…
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528-Bid-Price-to-Commitment_Page_6_Image_0001

How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?

March 14, 2022
For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts,…
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522-EVM-for-Benefits-Realization_Page_6_Image_0001

Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method

February 28, 2022
Monitoring, evaluating, and reporting the performance of schedule, cost and quality will always be a core requirement when it comes…
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521-Misuse-of-Contingency_Page_2_Image_0001-1

Avoiding the Misuse of Budget Contingency Reserve on Capital Construction Projects by Enforcing the Best Practices of Transparency and Accountability While Unlocking Trapped Budget Reserve

February 25, 2022
Every capital construction project has risks that may affect the cost, schedule, or quality of the completed work. The likelihood…
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495-Ubiased-Risk-Likelihood-and-Impact_Page_1_Image_0001

How Can Organizations Take Advantage from Their Past and Current Experience in Managing Change Orders to Build an Unbiased Assessment of Schedule and Cost Impact of Change Order Risks as well as Their Occurrence Likelihood on their Capital Construction Projects’ Portfolio?

December 26, 2021
Similar to any risk assessment, assessing the exposure of change orders risk on a capital construction project requires assessing the…
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487-Final-Account-Checklist_Page_1_Image_0001

Using Checklists to Expedite the Final Account Process on Capital Construction Projects

December 8, 2021
Final Accounts for capital construction projects are prepared to show the final cost of projects that have been completed by…
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