post-Contract cost Management

1-Interim Payment Valuation

Assessing completed work to determine thecontractor’s entitlement to interim payment with reference to the contract and actual progress.By conducting accurate interim paymentvaluations, we safeguard our client's cash flow and avoid any risks overvaluation in case of suspension/termination

2-Setting and Implementing a StrongChange Management System

Establishing a structured process tointernally assess any change in terms of cost, obtain client approval, issuethe formal instruction and negotiate and agree the cost impact with thecontractors.

3-Negotiation and Valuing Changes

Reviewing and agreeing on the financialimpact of changes with contractors based on structured and best practicemethods such as negotiation based on the cost breakdown of any change based onmaterial costs and consumption, labor costs, and productivity.

4-Disruption ClaimsPreparation/Valuation

Identifying, documenting, and evaluatingclaims related to delays or disruptions in project execution based on actualincurred costs.

5-Rolling Final Account and CostReporting

Continuously updating cost records andpreparing progressive expected final account summaries on amonthly basisto avoid surprises.

6-Final Account

Negotiation and completing all financialsettlements and reconciliations at the end of the project and prepare therequired document to avoid any later claims after the end of the project