One of the main objectives for capital project investments is to adhere to the approved project budget which was part of the original feasibility study that led to selecting the project investment in the first place. Nevertheless, the approved budget at the project’s early life cycle stage is usually created Read more…
For capital projects’ owners, having cost curves to monitor, evaluate and report the performance and status of those projects’ financial performance is of great importance. Mainly there will be three curves to manage assuming that the awarded contracts on those capital projects will be based on lump-sum contracts. In other Read more…
The FIDIC 2017 edition made a significant expansion of the project schedule requirements that are part of clause 8, the primary clause which deals with time or “Commencement, Delays and Suspension”. The changes not only mandate the software to be used but also sets out that the contract schedule must Read more…
