#Project Cost Control

[pejasurveying1]

Trusted Consultant Quantity Surveyor Services for Cost Management Success | PEJA Surveying

Ensure your construction project stays on budget and meets quality standards with PEJA Surveying's expert Consultant Quantity Surveyor services. From cost planning to contract administration, our independent professionals provide valuable advice to safeguard your interests and optimise project outcomes.

[firestorm09890]

Ienzo the Liar

[deusvmachina]

For their reunion, I imagine So Mi feeling apprehensive. She's not sure how V will react to her. Is there any anger there as the clock continues to tick? Is V cured or is she still dying? And then there's V when they see each other in person again... She just stares at So Mi and swallows hard before saying, "Hey, Song," all damn soft and before So Mi can really process, V's crying right in front of her. It's a relief seeing So Mi's in better shape now (maybe she was able to have parts of her body regenerated from chrome). V hasn't cried since Jackie passed. She doesn't trust her own voice not to break so she doesn't say anything else to So Mi. Just trying to keep it together.

[hausandhoney]

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[prestartr]

Project Cost Tracking Software

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[farmerstrend]

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[qhsetools2022]

Project Cost Controller

Job title: Project Cost Controller Company: Baker Hughes Job description: and ability to multi-task in a fast pace environment and attention to detail Have commitment to HSE, integrity and compliance priorities… Expected salary: Location: Kuala Lumpur – Tan-Tan Job date: Wed, 18 Dec 2024 23:59:19 GMT Apply for the job now!

[productiveandfree]

Benefits of Utilizing Time and Materials Contract in Project Management

Statistics show that 60 to 80% of business deals are set in stone by a contract. At the core of successful project management lies choosing an appropriate contract type. Time and materials contracts stand out among available alternatives as one of the more flexible and adaptable.

T&M contracts provide clients with another approach by billing for both time spent and materials used on each project, rather than specifying one fixed sum upfront. Time and materials contracts offer many advantages when managing projects where their scope isn't fully defined from the outset or there is significant unpredictability.

Here, we explore their key benefits in project management, specifically regarding flexibility, risk mitigation, cost control, client transparency, and adaptability. Let's begin!

Project Flexibility

One of the primary advantages of drafting a time and materials contract is its inherent flexibility when it comes to project scope. Unfortunately, project teams cannot always foresee everything that may arise during its scope. Requirements may shift, new challenges emerge or unexpected circumstances call for adjustments that must be made without having to negotiate new terms. T&M contracts allow project teams to quickly accommodate these changes without needing to go back through negotiations or sign new ones altogether.

Flexibility in project requirements ensures teams can continue working without being hindered by rigid scope definitions, especially important in industries like software development or construction where changes may be frequent and can become expensive to manage with fixed-price contracts. A T&M contract enables projects to adapt organically as new information or client feedback emerges.

Risk Mitigation Strategies for Both Parties

T&M contracts in project management provide another significant benefit: mitigating risk for both parties involved. Fixed-price contracts often place too much financial risk on contractors due to having to accurately predict costs and timelines before the project begins. Any unexpected challenges could force contractors into cutting corners to meet budgetary restrictions or face financial ruin as a result.

T&M contracts allow more equitable risk distribution between contractor and client. Because billing for T&M contracts occurs according to actual time and material used, there's less pressure for contractors to stick rigidly to initial estimates, meaning more time for quality delivery without worrying about unanticipated expenses or delays. From the client's viewpoint, only paying for what work was performed reduces overspending risks by paying only for work that actually gets done.

Improve Cost Control

Although fixed-price contracts might appear to offer greater cost control by setting one price for an entire project, these contracts can actually lead to greater spending if estimates prove inaccurate. Contractors frequently build contingency into fixed-price contracts to protect themselves against unexpected challenges that increase overall expenses; T&M contracts provide clients greater budgetary oversight.

T&M contracts give clients greater insight into the work being performed and allow for adjustments to project scope or pace to help control costs more easily. If costs begin rising faster than planned, clients have options such as scaling back their project or prioritizing certain tasks, which is something usually unattainable under fixed-price contracts that lock clients into one price regardless of the efficiency of project development.

Increased Transparency and Accountability

Transparency is another advantage of using a time and materials contract. Clients receive invoices that show exactly where their money is being spent, including hours worked by each member as well as materials bought specifically for it.

Transparency fosters improved collaboration between clients and contractors. When clients can see the progress of projects in real time and access financial reports, they're more likely to trust contractors and feel assured they are receiving value for their money. This also makes approving or disapproving additional work much simpler since clients understand all associated costs more accurately.

Ability to Take on Complex Projects

Many projects in industries like IT, construction, and product development involve multiple phases or components which make them challenging to predict or plan for, making T&M contracts ideal. Their adaptability enables the project team to pivot flexibly without feeling limited by an overly rigid contract structure.

For example, in a software development project, clients often opt to alter features or functionality after seeing an early version of the product. With fixed-price contracts, this would involve lengthy negotiations and potentially additional costs; but under T&M agreements, project teams can easily adapt to such changes quickly while continuing onward with billing the client for any extra resources necessary for completion.

Adaptability is crucial in meeting client expectations throughout a project's course and helping teams respond more quickly and effectively when unexpected events such as supply chain disruptions or technical challenges occur, without endangering its success.

Conclusion

Time and materials contracts provide numerous advantages to both contractors and clients involved, particularly on projects with uncertain scope, timelines, or requirements. T&M contracts offer clients flexibility as the project unfolds, as well as enhanced risk management and cost control measures. Plus, clients benefit from increased transparency and accountability that allows them to track exactly where their money is being spent in real-time.

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[pejasurveying1]

PEJA Surveying offers expert Freelance Quantity Surveyor services for construction projects in London and beyond. Our team provides cost estimating, change management, procurement, risk management, budget management, and more. Partner with us for flexible, professional, and cost-effective quantity surveying solutions. Contact us today!

[avalonstudiodesignbuilder]

The Crucial Role of a General Contractor in Achieving Project Success

A general contractor serves as the cornerstone of any construction project, ensuring that each phase—from initial planning to the final touches—runs seamlessly. They are responsible for managing a web of complex details, coordinating diverse teams, and solving the inevitable challenges that arise. By keeping the bigger picture in mind while paying close attention to the fine details, the contractor ensures that the project is delivered on time, within the budget, and to a high standard of quality.

Overseeing the Entire Construction Journey

A general contractor’s job is to orchestrate the entire construction journey. They coordinate the efforts of architects, engineers, and subcontractors to ensure that every moving part of the project aligns smoothly. Their task goes beyond managing individual teams; they are responsible for crafting detailed schedules and budgets that act as the blueprint for the project’s progress. By overseeing every phase from start to finish, they ensure the construction stays on course, avoiding any delays or inefficiencies that could derail the project.

Navigating Building Codes and Regulations

An often overlooked but critical duty of the general contractor is ensuring that the project adheres to local building codes and safety regulations. These rules are in place to guarantee the safety and integrity of the structures being built. A general contractor must stay informed about the latest legal requirements, obtain the necessary permits, and make sure the project passes all required inspections. By doing so, they shield the client from legal or financial complications while ensuring the structure meets safety standards.

Balancing the Project's Budget

Effective budget management is central to a general contractor’s responsibilities. Whether it’s sourcing materials or managing labor costs, the contractor must keep a close watch on expenditures to ensure that the project doesn’t exceed the financial boundaries set by the client. This role demands exceptional organizational skills and the ability to negotiate favorable terms with suppliers. Keeping the project within its financial scope not only avoids unnecessary expenses but also ensures that the client remains confident in the contractor's ability to deliver within the agreed-upon budget.

Upholding Quality and Deadlines

Delivering a project that not only meets but surpasses expectations is a core element of a general contractor’s work. Their role involves consistently monitoring the construction site, checking that each aspect of the build matches the project’s specifications, and confirming that only top-tier materials are used. This dedication to detail helps guarantee that the final product is not just completed on schedule but also exceeds the client's standards in terms of quality and durability.

Mastering the Many Facets of Construction Leadership

A general contractor is the essential leader in any construction project, balancing technical skills, strong leadership, and financial insight. By managing the flow of the construction process, ensuring compliance with laws and regulations, and keeping tight control over both the budget and quality, the contractor plays an indispensable role in transforming the client’s vision into a successful, completed project.

[techdriveplay]

How to Make an E-Bike

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[milestonetask]

Project Management Baseline

Project Management Baseline A project management baseline provides a structured reference point for planning, monitoring, and controlling project activities. Project management relies on establishing clear baselines to guide and measure project progress.  A project management baseline is a reference point, enabling project managers to assess performance, control changes, and ensure alignment with…

[applepixls]

Anyone else thinking about how odd the hermitcraft economy is?

in season 9 they had a minor economic recession after the diamond ore war because there were far too many diamonds in circulation making them (hypothetically) worth less than normal and ren stepped in as the king and did what has been done in the midst of a lot of irl economic depressions; he created a government so they could employ the policy of Keynesian economics (basically more gov't intervention to stabilize the economy, it mostly worked in 1930's japan!), he took control of diamonds and even introduced a new currency, royal emeralds (much like Germany after WW1! they had some hyperinflation because of the war reparations they had to pay and the gov't not understanding that printing more money makes the money worth less resulting in the mark [currency] being so worthless they started burning it because they couldn't afford wood for fires. a new gov't came into power and they replaced the mark with rentenmarks which did a lot of fixificating for the economy). Ren's gov't also introduced a lot of gov't funded projects like the quests (the irl equivalent for this would be Roosevelt's New Deal which introduced policies/projects called the Alphabet Agencies (among other things) such as the AAA, CCC, TVA (do you see why they're called the alphabet agencies?) that would adjust the value of grain so farmers could start earning money for produce again and create work that would support a growing economy, projects like building roads and bridges)

so basically, all the policies ren's government introduced were very logically sound and worked in real life to fix the economy (except that irl the Great Depression only fully ended because WW2 started-), the issue is that hermitcraft is not real life and hermits do not behave like real people, they behave like hermits.

lets start with the hermitcraft economy. unlike the real economy, hermits rarely adjust prices according to how many diamonds are "in circulation". i say this despite the fact grian in a recent-ish episode says that "everything costs more this season because diamonds are more common". that can't be true because the caves and cliffs update literally made diamonds more difficult to acquire. I will circle back to this point made by grian later

hermits not adjusting prices by server-wide abundance of diamonds (because they cant really know how much anyone has, much less the total amount of diamonds in circulation, they just know who has a lot and who is broke) means that more diamonds doesn't make them worth less like it did with German marks, it just means hermits have more expendable currency and can spend more money and less time gathering materials for projects. It is also notable that diamonds are constantly being added and taken out of circulation because they're an actual useful currency rather than real life currencies which are symbolic slips of paper. diamonds can be used for armour and tools and it can be acquired by mining. so because of how hermits spend money, taking diamonds out of the economy in s9 did nothing but make them poor and angry at the government. the hermitcraft economy is actually stronger with more diamonds in circulation and is worsened by gov't intervention.

so already the use of real life strategies is utterly useless in hermitcraft economy but there are a few other reasons as well

the hermits tendency to resist government as well as the flawed and greedy government itself are a couple but also the fact that all the hermits are self employed (in real life but also in universe). they own and stock their own shops meaning all profits are more or less direct; its not passed through hands of big corporations so the person producing the product gets mere cents. the hermits are essentially small business owners (which becomes a bit of a problem come season 10 but we're still talking about season 9). The important part is the self employment. the season 9 gov't introduces the quests which mimic and echo real life government funded projects but because they're all employed and the quests gave small amounts of diamonds back, they did very little for the hermits

I'm sure theres more to say but i think its time to move on to the very interesting season 10 economy

if you've missed it you must be living under a rock but hermits are all using permits this season meaning only one shop in the shopping district is selling any given item/material and as a result of this prices have gone sky high. at one point a single stack of mangrove logs cost 7 diamonds when in previous seasons you could get at least 1 stack of wood for 1 diamond if not more

So what is causing this economic depression and hyperinflation?

well, circling back to the point grian made about resources costing more because of abundance of diamonds, I would think it actually costs more because of the permits.

grian thinks the diamond prices are fair because he has middle of the road permits (and is one of the hermits who designed their shopping district, permit and economic system this season so he's biased), there is enough demand to keep him afloat when he's stocked but its nothing people are clamouring for and buying him out. on the other hand, joel made a lot of shops that no one shops at because his objectively weighted permits have not been selling as well as they anticipated when making the permits (also some people like etho and pearl have additional income from their not as fabulous permits because they've made a pay to play game to go with it) and finally there are hermits like mumbo whose gold, iron and item frame shops were constantly getting bought out so he was frustrated with trying to restock despite getting lots of profit

(another interesting dynamic to think about is permits like cleo's book permit which lost value as the season went on because everyone needed books early on but now that they're all playing late game Minecraft, everyone is pretty stocked up and buying from cleo less often)

Basically, grian is satisfied with the pricing because he's middle class and couldn't afford it if they were more expensive but appreciates not being constantly out of stock, joel is unsatisfied because he is lower class and never has enough expendable currency to fund his projects because materials are too expensive and his permits aren't worth enough to sell them for more, and mumbo is unsatisfied because he is higher class and is constantly out of stock because his materials sell out too often and he wants to sell them for more to stay in stock more (classic supply and demand, he doesn't want to stock them as often making the supply lower and the demand proportionally higher making them worth more and therefore more expensive)

the reason i say the permits are to blame for the high prices is because they cause the responsibility of constantly stocking something to fall on one person (in past seasons, if one persons sandstone shop was out of stock you could go check someone else's sandstone shop). the threat of taking the permit away if they arent stocked along with the difficulty of constantly stocking some of these materials raises the cost.

a great example of this is skizzleman because his mangrove and cherry wood shop was one of the first shops to be built in the shopping district, meaning he somewhat set the prices this season. now, mangrove and cherry are both difficult trees to harvest because of their unconventional shapes and the fact that they are more recent additions (and skizz's stubborn desire to design his own farms...) so because of the time required to gather them the prices already were hitched up. add that to the fact that they are trying to constantly be in stock and therefore low prices that allow hermits to completely buy out the shops are unfavourable, and you get sky rocket-ing prices. (it is also difficult because skizz had no prior experience with hermitcraft pricing)

in conclusion... hermitcraft needs a laissez-faire economy (f. a. hayek) to function and not go into economic depression. Between the nature of the diamond currency, hermits' tendency to rebel against governments, the way they use the concept of supply and demand to price their goods, and the restrictions permits put on supplying products, hermits have proven that extensive structure and government intervention have not improved economic wellbeing the way that it does in real life

thus, hermits do not behave like regular humans, they operate on fae laws of its funny so lets do it and therefore must be governed as such (aka not governed), thank you for coming to my ted talk

[little-p-eng-engineering]

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Innovating Pipeline Rehabilitation: Pipe CIPP Lining Engineering Design Services as per ASTM F1216

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Little P.Eng. Engineering For CIPP Liner Design As Per ASTM F1216 Using Finite Element Method

Revolutionizing Pipe Rehabilitation: Little P.Eng. Engineering's Mastery of CIPP Liner Design via Finite Element Method in Accordance with ASTM F1216

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