Showing posts from August, 2017

Using Excel conditional formatting for comparative statements

Project Control: Using Excel Conditional Formatting for guiding rate negotiations in Comparative Statement. Project control requires that the various work packages are carried out as planned. Civil construction is typically based on approved building plan and specifications. In view of progressive elaboration of project, Item rate tenders are most prevalent and provide the transparency and flexibility to both the owner and contractor. Projects are always mired with some uncertainty and items and their quantities often deviate. Various known and unknown factors affect the prices quoted by a contractor. Success of the project greatly depend on the Project’s ability to negotiate the contracts at a mutually win-win cost, performance and time frame even in the face of uncertainties. Practice of defining a Project/ work package through a Priority matrix is a handy tool for exploring on the negotiation possibilities. Time Performance