Project Finance

Question 1

Benefits of Cashflow Forecasting

Answer 1

Allows client to gain an understanding of financial requirements over the duration of a project.
Cashflow can be compared against valuations to determine if the contractor is ahead or behind.

Question 2

What’s included in a financial report

Answer 2

Contract Sum
Instructed Variations
Potential Future Variations
Claims
Anticipated Total Final Account
Total of Certified Payments

Question 3

Change Control Procedure

Answer 3

Acknowledge if the Change is Contractor or Client Proposed
Submit a Change Request form
Contractor provides a value for the variation
This is assessed by the Cost Manager
If accepted it is inputted within the Contract Sum