Portfolio

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 project performance. This will include the performance as it relates to scheduled milestone dates, budget consumption, actual cost, changes, anticipated changes, achievements, issues among others. This performance reporting might require Read more…

By PMWeb, ago

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 common practices in this industry. Ensuring that there is a formal process for prequalifying engineering consultants and contractors before they are invited to bid is crucial to reduce the risk Read more…

By PMWeb, ago

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, 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…

By PMWeb, ago