Implementation Phase - 4
Time/Cost Planning and Control (contd.)
- (ii) Estimating, cost control and project accounting
- Scope changes
- Evaluation of suppliers' and trade contractor claims for extra
- Cost reporting (status and deviation)
- Evaluation of forecasts to complete
- Preparation of regular cost forecast reports
- Cost and commitment accounting
- Preparation of commitment reports
- Financial management of client's funds
- Follow up on certification of suppliers' invoices
- Payment to suppliers and trade contractors