PROJECT MANAGEMENT & COST CONSULTANCY

Contract administration

Contract administration activities include:

- feasibility cost estimates
- cost planning at design stage
- preparation of pricing documents for bill of quantity or activity schedules
- financial appraisal of options
- monitoring and control of costs
- production of interim payment certificates
- regular financial statements
- pre- certified payments to contractors

Our pro-active approach to contract management means we can identify any potential concerns at the outset of a project, solve any arising issues, and provide ongoing advice and assistance.

Cost planning and estimates

The objectives are to:

- provide consistency to all estimate functions throughout the project
- involve stakeholders in preparing, evaluating and using the cost estimate to ensure all parties understand the

  process, expectations, desired outcomes and any associated risk
- provide estimates that consider all the financial and commercial aspects of the project so they can be easily 

  assessed and approved
- continually review and update the methods we use to produce estimates so that information is current and 

   relevant
- standardize formats so comparisons can be made between current and previous estimates

Typical pre and post contract services include:

Pre-contract support:
 

- developing procurement strategies
- pre- budget estimates
- contractual advice
- business case preparation
- tender preparation
- cost estimates
- liaison with statutory authorities
- whole-life costing
- contract pre- qualification
- selection of tender organizations
- contract documentation
- bills of quantities and schedules of rates

Post-contract support:
 

- tender analysis and recommendation
- appointment of contractors
- progress monitoring
- payment certificates
- cash flow forecasting
- budget monitoring and variation orders
- measurement and agreement of works
- final account development
- pre- commissioning and commissioning
- hand-over and occupation
- claims and dispute resolution

Checklist of Tips for Successful Contract Administration

Develop and implement a project management discipline to ensure on-time delivery and flawless execution.

Comply with contract terms and conditions.

Maintain effective communications.

Manage contract changes with a proactive change management process.

Resolve disputes promptly and dispassionately.

Use negotiation or arbitration, not litigation, to resolve disputes.

Develop a work breakdown structure to assist in planning and assigning work.

Conduct pre- performance conferences or a project kick-off meeting.

Measure, monitor, and track performance.

Manage the invoice and payment process.

Report on progress internally and externally.

Identify variances between planned versus actual performance—use earned value management.

Be sure to follow up on all corrective actions.

Appoint authorized people to negotiate contract changes and document the authorized representatives in the contract.

Enforce contract terms and conditions.

Provide copies of the contract to all affected organizations.

Maintain conformed copies of the contract.

Understand the effects of change on cost, schedule, and quality.

Document all communication—use telephone, faxes, correspondence logs, and e-mails.

Prepare internal and external meeting minutes.

Prepare contract closeout checklists.

Ensure completion of work.

Document lessons learned and share them throughout your organization.

Communicate, communicate, communicate.

Indonesia’s graduates not keeping pace with economy

Indonesia’s university system is struggling to produce graduates who are equipped to work in today’s fast-paced working world.

While the economy is booming, poorly run universities mean that quality graduates are hard to come by. Employers are finding it tough to find workers who can think critically and transit smoothly into employment and this affects the talent pool that companies can draw from.

“University graduates often lack the necessary skills employers need,” said the Organisation for Economic Cooperation and Development (OECD) said in a recent report on education.

The report revealed that there was a lack in “thinking, technical and behavioural skills” and some 20-25% of graduates needed retraining on the job. Indonesian universities are “lagging behind” other nations and absent of global competitiveness.

In comparison, nations like India produce highly-skilled doctors, engineers and scientists who are in demand across the world.

HR experts warn that if this continues, Indonesia will fall behind its competitors.

credited to: http://www.hrmasia.com/news/indonesias-graduates-not-keeping-pace-with-economy/143334/

Singapore salaries unchanged despite talent shortage

Employers in Singapore are not increasing salaries to attract and retain key hires even though demand for talent remains high, according to the Singapore Employment Outlook and Salary Guide 2012/2013 by Kelly Services.

In Singapore, many professionals including accountants, bankers and financiers, and engineers remain highly sought after. Despite this, companies are not using financial compensation as a means of attracting and retaining talent.

According to the 2012 Kelly Global Workforce Index, 75% of respondents placed personal growth and fulfillment as more important than compensation and  benefits when choosing between jobs.

In response to the changing demands of the workforce, more HR managers have begun to take a different approach to an individual’s employment package. While monetary benefits remain a key feature, non-financial rewards such as work flexibility, career development programmes, and a clear career path are also used as carrots to retain staff.

In the accounting and finance sector, mid-level positions like senior accountants, auditors and credit managers, will continue to be in demand due to stricter internal controls via expense management and push for profitability.

In the banking and finance sector, as regulatory requirements become increasingly stringent, banks are focusing on filling business critical positions. The insurance, asset management and reinsurance sub-sectors are experiencing solid growth creating appetite for skills such as quantitative analysis and actuarial related disciplines.

credited to :http://www.hrmasia.com/news/singapore-salaries-unchanged-despite-talent-shortage/143068/

LAme xmemblogging

Sgt busy dgn urusan seharian sampai xde mse nk update new story..btw,this blog will redesign back its objective..Maybe it will cover a news such Human Resource issues since me as a Hr graduate,business,current issues,techno,etc..

See u in a next conversesation yooo~

Pleasurely be my friends in this blog..maybe we can share somethings good for us..