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Construction Progress For LSTK contractor

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Wed, 2007-08-29 16:02
Abhijit Kulkarni
User offline. Last seen 3 years 20 weeks ago. Offline
Joined: 11 Nov 2003
Posts: 17
Groups: GPC Malaysia, Petro-Chem / Oil & Gas
Hi,

Can anybody explain how to evaluate the progress achieved by a LSTK contactor in multi billion project? There aer many such small LSTK contracts in the complete project. This contractor, being LSTK one, reports based on $ values assigned to his main activities.
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Replies

Thu, 2007-09-06 23:26
#1
Daniel Limson
User offline. Last seen 5 years 44 weeks ago. Offline
Joined: 13 Oct 2001
Posts: 318
Groups: None
The principle for evaluating progress for a LSTK package is pretty much the same as any other project.

You can use the $ value as weighted value for each element of work but it will not reflect the actual physical progress. For example, some equipment cost a lot in terms of value but are not classsified as labour intensive works.
I think the best unit of measure for evaluating progress is manhours.

Cheers,
Daniel
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