Cost and Contracts Management are essential for all types of projects of different sizes. Projects are becoming complex, some are highly complex, which stresses the need for effective cost and contracts management services.
The definition of a clear & articulate project scope is mandatory to make sure that right decisions are made at the right time, therefore EPM works closely with the client at every stage of the project by estimating, budgeting, monitoring, assessing, forecasting & reporting of the project’s cost data.
We focus all our resources and experience to manage the project procurement using specified sector database with full transparency & consider all procurement routes to maximize the investment from planning through constructions and or manufacture & installation.
Cost and Contracts Management
Cost and contracts management services include:
Cost management:
- Monitor committed and projected cost.
- Budget follow up & provide monthly, quarterly budget updates
- Strict change control to avoid the growth of the project scope.
- Quantity surveying for the different project’s contracts.
- Invoices review and checking.
- Cost control reporting (purchase orders – Invoices – changes – Variations – Claims) for providing affirmative information to control the project budget.
- Prepare and monitor cash flow forecasts and monthly updates.
Contract Management:
- Advise the client on all contractual matters.
- Contract management and administration.
- Evaluation of claims and submissions in relation to additional payments and advising of their validity.
- Advising of potential claims and means of claim avoidance strategies.
- Assist the client to resolve amicable disputes that may arise.
Note: With many projects, savings of 7-10% or more of the total construction costs can be realized by the cost and contracts Management services.
