Forensics Services.
Construction crisis consulting services for MENA giga projects.
Cost to Completion.
Immediately upon contract signature, the project management must interrogate the project’s cost estimate and establish the Target Budget – including any contingencies – to serve as a reference throughout the project. Errors due to estimation must be agreed to with the estimation department and set aside.
The variance between the actual expenditure versus the Target Budget released – depending on the progress of the works – is carried out on a monthly basis. Committed expenses are identified, and adjustments to the Target Budget are made based on experience gained on completed works.
The end of contract forecasts are carried out when progress has reached 20%, 50% and 80% marks. Upon completion of the project, a final income statement prepared by the project management is reconciled with the project accountancy.
CMA endorses the concept of prudence: allowances should be made for potential losses. Additional income from claims will be disregarded until formal agreement of the employer is secured.
Get cost to completion support.
Sometimes, contractors, project owners and developers run into highly specific problems on their projects that require outside expertise for a few weeks or months.
They call on us for short term support in conditions of cost to completion, as well as other areas including conditions of contract analysis, measurement disputes, construction methods, engineering delay analysis, specifications interpretation.
If you would like to learn more about how CMA partners with contractors, project owners and developers for leadership support on MENA giga projects in crisis, please book a meeting.