What we discuss here is, determining the actual flow of money for the contract duration by dealing with construction project cash flow. Also, the way to finalise the contract price. 1.0- Contract cash flow When we are considering the project’s level, the difference between a certain project’s income and expense is named as “The project’sContinue reading “Project cash flow- Construction cost management”
Tag Archives: Project Cost Control
Quick Guide to extension of time claims (EOT Claims)
Extension of time claims(EOT claims) are the most discussed type of claims in the construction industry, the Main intention of this article is to give you a better understanding of EOT claims. Before we move into further details on the extension of time claims we will look into the nature of the extension of timeContinue reading “Quick Guide to extension of time claims (EOT Claims)”
What is Earned value management system (EVM)
Earned value management system (EVM) is a practice which project management professionals developed to evaluate performance & progress of a project. Implementation of this system in a project can provide several benefits. what are the advantages of the Earned value management system? An early indication of budget or time overrun More sensitive data for effectualContinue reading “What is Earned value management system (EVM)”