Post Contract & Cost Control
Post Contract Cost Control is a vital factor of the post contract works of any project. During construction, requirements for change can arise for a wide variety of reasons. The role of cost control is to monitor the impact of changes, enabling corrective action to be implemented if there is any risk of the clientâ€™s requirements not being met.Â
Â Milcris will have a systematic and rigorous process for agreeing and approving changes to the scope of the project. Our pro active approach will identify issues as they arise and strive to prevent the expenditures that are not approved. We will ensure that changes are identified early so that clients can understand the impact of the change before committing. This includes management of the commercial relationship with the contractor, measurement of work, approval of payments and negotiation of changes.
Variation pricing and negotiation, cash flow monitoring, recommending payments and financial reporting fall under the purview of these services. On completion of the project Milcris will prepare the Final Account and close out ensuring that the contractor is paid and settled as agreed, nothing more - nothing less.
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