In accordance with the Royal Institute of Chartered Surveyors (RICS), Post-Tender Budget, also known as Budget to Build or Project Budget, is an evolution of the project’s cost estimate, updated to reflect information not available when the estimate was first produced; an estimated plan of the cost to complete the Read more…
Having a single-version-of-the-truth financial performance reporting is one of the important, if not the most important, requirements when it comes to delivering capital construction projects. This single version of the truth reporting cannot be achieved if the required cost data are captured and stored in different data silos or simply Read more…
One of the key requirements for any project, including capital construction projects, is the time distribution of performance and status reports to their intended recipients. The project communication plan is used to identify those reports and all related information. This plan is one of the management plans that need to Read more…
