Project Management for Construction Assignment Example | Topics and Well Written Essays - 2000 words

Project focussing for Construction - Assignment Example6) The total amount certified for payment to the contractor by the customer/employer is 6,750,0007) The retention percentage is 10% prior to practical comp allowion (for the main contract)8) The amount received from the node to date is 5,850,0009) The total amount certified for payment to piece of ground contractors is 5,800,00010) The total value of encase contracts let is 7,500,00011) at that place are no retentions held against bundle contractors-however the current amounts certified but outstanding (i.e. unpaid) to them is 300,00012) The cladding package contractor to whom the contractor owes 100,000 (including in the 300,000 above) has just become insolvent. The cladding is complete but no warranties entertain yet been received13) The current certified installment is one month overdue for payment from the lymph node/employer whose shares have halved in value during the last year14) We have no other contracts with th is client/employer15) There has been exceptionally inclement weather for the last three months16) The contract is currently expected to be realized three weeks late17) Liquidated and ascertained damages are set at 30,000 per week18) Claims by package contractors currently stand at 200,00019) Counter-claims package contractors currently stand at 75,00020) There was an accident on site last month in which a package contractors employee lost a leg. The Health and asylum Executive are currently investigating this accident.21) In the last month there has been a cardinal week strike by the Professional League of Plumber (PLoP) which takeed the Mechanical, Electrical and plumbing package contractor on the site22) We calculate that the value of uncertified work carried out is 300,000 of which...These factors would relate to mesh of the project, company mission and objectives, the financial issues in the company, the contractual obligations, commercial aspects and marketing procedures, and also the raw materials utilise by the contractor. Recommendations are provided on how the contractor should control its commercial department and what are the points that should be emphasized to report on the financial status of the company.This report is on the examination of the contract No. 205 for locution of offices and yards for Russ Ting metal Stockholders plc. The report will consider the factors that have to be taken into account for determine the current financial and commercial status of the project. In this report I would consider how these factors will affect the financial status of the project. For this all the financial elements are considered in accordance with the following points.23) The architects drawing (correctly) showed doors of width 920mm but the