GEAPS Exchange 2023: Speed Drill through the Construction Project Cost Lifecycle
The presentation will walk the audience through a project lifecycle, focusing on following the money. The presentation starts with planning, such as developing budgets and scope, estimating risks, and developing charters/accounting standards. Following this will be the Procurement phase with discussion on how to bid work as well as negotiate prices. During the construction phase, the presentation will shift into implementation such as utilizing a solid a change and cost management process to enable cost forecasts. The presentation will end on the topic of project closeout, claims settlements, and distributions of remaining funds.
Speaker of this education session was Mark Herbert and Greg Franzen.