CONSTRUCTION PROJECT - COST FINANCIAL SERVICE - INSURANCE
If we know the
amount of time consumed and the order of each task is relatively straightforward
for someone with experience, develop a project work in a fast, this plan will
be particularly useful for a good evaluation of offers and an optimal
Construction Project Management. This plan will allow us to:
1 The cost of what
would be a Budget of Expenditures and compare it against
a Budget of Revenue that we will acquire from
contractual payment terms of the construction and evaluation performance rate
In this way, we
will see something about the initial funds and resources that we will need at
regulars intervals of time during construction, this will allow us to evaluate of
commercial interests. Also, included in this analysis, the Guarantee Fund, and
the cost of the interest generated by not having these funds on a monthly, if
they we allowed to replace those funds by a Caution Insurance, must be added value
of this bond. This work can be made by the Accountant Department of the
Company, but for complete this evaluation, the Accountant want one’s initial programme
of works.
Remember all the
time, that we need an optimal Construction Project Management. After completing
this review, we can evaluate the economic cost of the Work
2-Another issue to consider is the
requests for Insurance service indicated by the Client, in
every parameters the Client establishes the type of Insurance that it will seek for the
construction, we can request a quote to a third, and then, include this value
to the Offer.
In addition to the
occupational accident Insurance and life (that, which we usually, charge to the cost of man-hours for complete
construction works), there are other Insurances to cover risks during construction
For example, if a group
is working on an oil refinery and has to carry Equipment with a crane, there is a danger
to do damage to existing facilities, there is the possibility of fire, there is
a risk of harm to other operators, the risk of use earnings, the risk of
beating the Equipment that is being mounted, the risk when transported the
Equipment to work.. All these risks must be covered, and someone must pay for
this. Sometimes the customer contract cover this Insurance, and sometimes
not, we must ask what are the Insurances request of the Client. One’s Promoter
of Insurances can get a full evaluation to us. All this work is part of
Construction Project Management
