Thinking ahead with forward pricing

Article Abstract:

The forward-pricing concept can be used to delineate and analyze conditions of delay and their corresponding impact on project completion. Delay is documented so that the contractor is compensated for any additional cost that may occur during the contract's effectivity. Proper negotiation of impact factors, documentation of changes in project specifications and the adoption of attainable and accurate schedule is crucial to the success of the forward-pricing process.

Project finance

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Managing local collaboration

Article Abstract:

Yost Grube Hall Architecture managing director Joachim C. Grube thinks that foreign project managers must forge partnerships with local governments and local firms in developing countries. This can be achieved by developing a mutually agreed-upon work plan that takes into consideration differences in culture, language, management style, living standards and income. The local political and economic environment should also be addressed.

Foreign operations, Joint ventures, Business enterprises

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How do you manage a multiemployer workplace?

Article Abstract:

Managing a workplace with multiple designers and constructors of different employers can be very difficult for a project leader. Such a multiemployer workplace needs to have a leader with necessary leadership skills which would help him to organize the workers to become a team which would meet the expectations of the client. In doing so, a leader of such a project needs to gain the confidence of his workers.

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