Category Archives: Contracts

Cost Management Solutions (1)

on June 5, 2013 by admin in Construction Management, Contracts, Cost Control, Information Management, Program Management, Project Governance & Reporting, Project Leadership, Project Management Leave a comment

There are two concepts which are central to change management and contracts management on projects: Cost Attribution and Cost Segregation. These concepts relate to a systemic thinking of costs and promote a proactive approach to the treatment of costs including … Continue reading →

Tagged with contracts management, Cost Management, cost segregation, electrical plumbing, experience errors, hotel operator, hotel project, management insights, proactive approach, relative size, scope ambiguity, scope change, spa food, work breakdown structure, work breakdown structure wbs |

Construction Claims Management for Contractors (Part 1 of 4)

on May 15, 2013 by admin in Contracts, Cost Control, Legal, Program Management Leave a comment

Here are some fundamentals of claims management for contractors (and subcontractors) – Your claim must be credible. It must be based on facts! Focus on the big issues. Don’t make it personal. That will only detract from your objective. Ensure … Continue reading →

Tagged with assertion, claims disputes, construction attorney, contract provisions, critical path, hardships, Legal, meeting minutes, settlement discussions, subcontractors, waiver of rights |

Common Cost Control Problems on Construction Projects

on June 23, 2012 by admin in Bidding, Change Management, Construction Management, Contracts, Cost Control, Information Management, Materials, Program Management, Project Governance & Reporting, Project Management, Project Risk Management Leave a comment

Here is a list of common cost control problems found on construction projects: Improper estimates, standards and budgeting techniques. Unrealistic budgets. Activities started or completed out of sequence. Inadequate WBS (Work Breakdown Structure) or insufficient WBS detail. Lack of management … Continue reading →

Tagged with acceleration, ambiguities, Auto, Breakdown, construction projects, Contractual, Control, control practices, Creep, detail, discrepancies, Draft, escalation, eventual failure, excessive pressure, governance structure, Inadequate, management policy, management reserves, material costs, Problems, Project, Schedule, schedule delays, scope, Unrealistic, WBS, work, work breakdown structure |

PLG ESTIMATING & PURCHASING > Buyouts on Large Vendor Contracts > 1

on June 17, 2012 by admin in Bidding, Construction Economics, Contracts, Engineering, Equipment, Estimating, General Construction, Infrastructure, Project Management, Purchasing, Specifications Leave a comment

Construction estimating and purchasing executives are aware of the various issues involved with negotiating large equipment purchases. On fixed price contracts, the ability to negotiate purchases on major equipment contracts affects profitability, schedule, project risk and overall project success. The … Continue reading →

Tagged with Ability, acceptance, acceptance criteria, Buyouts, equipment, equipment contracts, equipment purchases, extent, focus, impact costs, initial purchase, installation, Key, mfg reps, negotiating contracts, price contracts, project risk, project success, purchase, risk, Supervision, time, time installation, vendor contracts |

Category Archives: Contracts

Cost Management Solutions (1)

Construction Claims Management for Contractors (Part 1 of 4)

Common Cost Control Problems on Construction Projects

PLG ESTIMATING & PURCHASING > Buyouts on Large Vendor Contracts > 1

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