In our last article titled “The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts”, the level of the reported earned performance was set at the deliverable groups for each work package. The question is that can the same PMWeb Project Management Information System (PMIS) platform be Read more…
One of the key requirements on Engineering-Procurement-Construction (EPC) and Lump Sum Turnkey (LTSK) contracts is the formal documentation, monitoring, evaluation, and reporting of the earned performance against what was planned for the scope of work for engineering and procurement deliverables. For engineering scope of work, those would usually include engineering Read more…
For the majority of contractors, the technology that relates to project management and tracking financial performance is considered an expense that they will try their utmost to eliminate. What is surprising to all, is that they fail to understand that delivering the awarded projects successfully is what will make or Read more…
