#10 Payment voucher/cash flow

Text Chapter 11 Controlling Project Cost, Time and Quality; Construction Project Management by Gould and Joyce

Project Estimated Cost / Project Actual Cost Difference
-Subcontracts
-Materials
-Components
-Labor
-Site Conditions

Project Control and Monitoring / Feedback Loop
-Reports from field
-Schedule adjustments
-Ontime resource supply
-Task duration
-Communication/direction
-Anticipated/unanticipated items

-OSHA compliant site
-Trash and debris control

-Staging and handling materials and component delivery

-Quality control procedure

Excessive Project Control
-Understanding knowledge base of the workforce and subcontractors and learning curve.

Tracking tasks;
-Scheduled activities
-Duration
-Resources/shared resources
-Preceding and dependent tasks
-Direct task costs
-Indirect task costs

Cash Flow
-Scheduled payments to; suppliers, subcontractors, workforce...
-Overhead costs prorated to schedule payment periods
-Projected payment voucher receipts

Project Meetings
-Present; owner rep, architect/engineer, lender rep, agency rep, GC...
-Progress reporting, schedule revision, items of concern, anticipated progress.

Payment Voucher Project Meeting
-Items/tasks percentage complete for payment voucher meeting
-Documentation and submital requirements for task
-Meeting site walk through; is site organized, neat and undercontrol.



Assignment for Monday;
Prepare G703 for all 6 vouchers periods, include columns and totals for labor, materials, equipment, overhead, profit, total claimed to date each period and retainage.

Use excel to prepare a multi color line graph for items above; dollar vertical axis, time horizontal axis.

Include a few paragraphs below your graph and discuss your analysis of the information in the graphs


Coming next:
#11 Return to GC's Project Schedule - Lead Time - Submitals - Delivery
Assignment; for Wednesday; insert lead time; submital, order and delivery for light poles

#12 Project Schedule Cash flow predictions
Final assignment due Sunday August 9 not later than midnight;
Introduce a change order for wood light poles assume approved for voucher period #2
Revise schedule of values, MS Project Schedule and multi line graph,
Discuss how this change impacts the GC and the Owner.