Project Finance (Control & Reporting) Level 2

Question 1

What did you ensure your cost report included?

Answer 1

• the contract sum
• expected and instructed variations
• expenditure of provisional sums
• a summary of risk

Question 2

How did you go about carrying out your project cash flow?

Answer 2

• Ensured I understood my clients requirements in that it was to reflect the overall project value, not just the construction contract value
• the cash flow was to reflect works carried out, not payments. So I needed to understand the programme
• understood consultants fees have a unique cash flow, as they take place over a longer period of time than just the construction phase