- FEASIABILITY STUDIES
A proper feasibility study will determine is a project is feasible-financially and technically,even socially or politicially.All determining factors need to be considered including design,cost,market,location,environment and soio-polotical factors.The decision to proceed or not proceed will depend on the feasibility study.
- FINANCIAL PLANNING
A financial plan is a forecast on the frequency of payments to be made during the tenure of ther projects progress.This is determind based on the works execution program prepared by the planner or contractor.This will assist the client to make on-time payments to ensure the work proceeds expeditiously;as cash flow over-provision may cause financial or opportunity losses.
- COST PLANNING
A cost plan is necessary to determine cost approoriation among the various elements of the project depending on factors such as design,specification and timing.A cost plan is used as a cost management and control factor.
- TENDERING PROCEDURE AND DOCUMENTATION
Tendering procedure is the way a contract is to be let-out for example by conventional tender,design and build,and turnkey.To arrive at a decision ,a review of the project scope ,schedule and budget will be made.The decision will determine among other the tender program and document .The main compenents of a tender documents are the instruction to tenderer, condition of contract , specification and bill of quantities.
- VALUATION AND INTERIM PAYMENTS
Most contrasts require propely valuated interim payments be made to the contractor.Timely interim payments will assist the contractor to maintain progress to stay on-schedule as per to deadline .Proper valuation is important so that the contractor is paid whats due on time and for the client not to suffer losses due to over payments.
- CONSTRUCTION COST CONTROL
Changes to the project scope,schedule,specification and price for various reasons can eventually effect the budgeted cost.Therefore control of construction cost must be diligentaly maintained from inception to complation.This will involve continuos monitoring,evaluation,mitigation and control of cost-effecting changes to the project.
- FINAL ACCOUNTING
A running account is to be kept taking into account finalized variations to the contract sum amd payments made,keeping in view of the forecasted final cost.When project accounting is done this way,settlement of accounts can be achieved almost immediately upon project completion and not long after.
- CONTRACTUAL CLAIMS
Keys matters in contractual claims are timely mitigation measures and keeping of contemporary record require hands-on action by the clients and contractor.Claims settlement call for extensive review of contractual provisions and contemporary records of the claims events calculation negotiation and agreements. All proceeding also need to be propely recorded and documets kept in the event of matters being taken to arbitration or litigation.
- PRE-QUALIFICATION OF CONTRACTORS
At times it is desirable to tender for a project only to a shortliss of qualified contractors.Pre-qualification of contractors can help secure genuine competition,quality birds and reduation of evaluation and award time.This calls for propely executed pre-qualification exercise with suitable drafted pre-qualification questionnaires and evaluation criteria tailored to the pecific project.