Project Controls International

FPSO and Topsides

West African Costs

Basis of Estimate

(procedures)
(analyses)
(white papers)

 

         Project Knowledge = Success

                    

www.projectcontrolsinternational.com

Que$tor Estimates

(white papers)

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Analysis

- Construction Unit Costs

- FPSO and Topside Costs

- Offshore Fabrication Costs

- Welding Consumables

 

B.Dev./ Contracts

- Contracts: Quantum Meruit

- Guide to Business Acquisition

- Proposal Development

- Relationship Building

- Video: LATTE (Starbucks)

Mind Maps

- Estimating

- Planning

- Schedule Development

- Schedule Maintenance

- Risk Management

 

Procedures

- Constructability

- Document Management

- Estimating Process

- Project Claims and COs

- Project Controls

- Project Execution Plan

- Project Execution Strategy

- Contract Synopsis

Scheduling

- Basis of Schedule

- Number of Schedule Activities

- MS Project vs. Primavera P6

- Planning and Scheduling

- Schedule Extension of  Time

- Typical Primavera P6 Settings

- Updating a P6 Schedule

- Video: Liquidated Damages

- Why Your Project will be Late

 

Courses

- Construction Estimating

- Estimating Course

- Planning and Scheduling

White Papers

- Basis of Estimate

- Communicating Effectively

- Construction Escalation

- Earned Value Management

- Estimating Productivity

- Evaluating Change Orders

- International Multipliers

- Nigerian Content Development

- Project Execution Plan

- Project Risk Contingency

- Project Variables

- Que$tor Estimates

- Risk Analysis Spreadsheet

- Risk Breakdown Structure

- Risk Management

- Spreadsheets vs Databases

- Starting the Project

- Why Project Controls

- Work Breakdown Structure

Interesting Stuff

- Programmable Robot

- Pipe Dimensions and Weights

- Concurrent Database

- LibreOffice Base vs. MS Access

- SharePoint Database

- SAP vs Oracle ERP

- Free Unit Converter

- Motivational Food for Thought

- Passionate about Meetings?

- Video: Project Controls

 

 

Contact Us

- Bio

- PMC Consultancy

It is important - both for future reference but also as a contemporary executive summary - to write a synopsis for every single contract that the COMPANY evaluating. This is necessary for the principal two reasons:

 

1. For expeditious review and consequential action by management and other parties, which are concerned only with the high level details and

 

2. For subsequent future reference, where a brief summary will help the interested party to quickly identify and inform himself about the project.

 

The below lists information that one could typically expect to find detailed in a contract synopsis.

 

1. Client:

Self-Explanatory

 

2. Facility Location:

Self-Explanatory

 

3. Type of Facility:

Self-Explanatory

 

4. Licensor:

Self-Explanatory

 

5. Type of Contract(s):

Lump Sum, Open Cost, etc. Reimbursable basis must be explained. Is there a fixed fee? If so how much and what does it cover? How are hours reimbursed? - Salary x multiplier - What is the multiplier? Salary + fixed overlay per hour - What is the overlay? What hours are reimbursed?

 

6. Contract Value:

COMPANY Contract Value

 

7. Facility Value:

Total Installed Cost

 

8. Method of Payment:

Self-Explanatory

 

9. Taxes:

Clarify corporate and personal tax basis.

 

10. Changes:

Include basis for changes.

 

11. Guarantees and Liabilities:

Clarify performance guarantees and associated financial liabilities. Export total maximum aggregate, list specific liabilities and financial amounts of same, e.g., Schedule liability amounts, Performance liability amounts. Patent indemnity amounts.

 

12. Workmanship Guarantees & Liabilities:

Clarify workmanship guaranteed liabilities extent and when they start, e.g. RFC, final acceptance, etc., and the period of warranty.

 

13. Insurance Requirements:

Include contractual requirements, obligations of COMPANY.

 

14. Passing of Ownership/ Risk:

Include contractual milestone(s), which passes ownership and assumption of risk of the facility to the Client.

 

15. Retention:

Include contract requirements for basis of retention, when retention starts/ends, when will payment of retention monies be made and under at conditions and any other relevant comments.

 

16. Bank Guarantee:

Include the amount, expiration date, renewal period and any other relevant comments.

 

17. Events:

Include the contractual milestone events, when they are scheduled to occur and actual occurrence dates.

 

18. Project Scope and Description:

Include brief description of the project scope.

 

19. Incentives, etc.:

Include brief description of incentive targets and financial amounts of same.

 

20. Law:

Include governing law and arbitration procedures.

 

21. Any Unusual Provisions:

Include provisions which may not be covered above and which are considered unusual.

 

22. Escalation & Currency Risk:

Clarify assumption of risk for escalation or currency fluctuation.

 

23. Permits:

Clarify responsibilities of COMPANY & Owners.

Contract Synopsis

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Meetings

Love them or hate them. How to conduct successful productive meetings.

Funny, but true. Video on the functions of Project Controls.

Enjoy!

Settings do matter: pick the wrong settings and your schedule’s output will be meaningless.

What the text books didn’t tell you
Primavera P6 Settings
Video - Project Controls

Selected Articles

Tips on Scheduling

50% Science, 50% Art, 100% Communication

Why Project Controls?