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

Project Management for Construction - Assignment Example6) The kernel amount certified for payment to the contractile organ by the client/employer is 6,750,0007) The retention division is 10% prior to practical completion (for the main contract)8) The amount received from the client to date is 5,850,0009) The total amount certified for payment to package contractors is 5,800,00010) The total value of package contracts let is 7,500,00011) There are no retentions held against package 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 have yet been received13) The current certified installment is one calendar calendar month overdue for payment from the client/employer whose shares have halved in value during the expiry year14) We have no other contracts with this cl ient/employer15) There has been exceptionally inclement weather for the last three months16) The contract is currently expected to be completed 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 Safety Executive are currently investigating this accident.21) In the last month there has been a two week strike by the Professional League of Plumber (PLoP) which affected 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 profits of the project, company mission and objectives, the financial issues in the company, the contractual obligations, commercial aspects and market procedures, and also th e raw materials used 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 position of the company.This report is on the examination of the contract No. 205 for construction of offices and yards for Russ Ting metal Stockholders plc. The report will consider the factors that have to be taken into account for determining 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