Cost Management

Definition

  • We organize the budget and the work breakdown schedule
  • We review and approve the payments
  • We review and approve the requests for variations

Execution

  • We prepare the budget for the Feasibility Survey
  • We issue a Preliminary work breakdown schedule to guide the developer
  • We issue the final budget based on the Detailed Area Program
  • We address to the designers their target cost
  • We analyze the tenderers’ offers
  • We control and approve their Schedule of Unit Rates
  • We control the cost of the variations
  • We review the cost of the claims
  • We control the monthly payments
  • We control the various guarantees

Closure

  • We prepare the final payments
  • We close the final payments
  • We review lessons learned

Global Partners