Cost plus fixed fee contracts can suit projects that are difficult to price upfront. Agree a fixed dollar fee, define reimbursable costs, and use open book reporting and spending limits to keep the arrangement fair for both the client and contractor.
An agreed hourly rate does not establish how much a contractor is authorised to spend. Set a clear spending limit, monitor the forecast cost and approve increases in writing to reduce budget surprises and payment disputes.
Tender evaluation is more than comparing prices. Check scope, exclusions, assumptions, experience, risk and capability before awarding the contract.
Good specifications reduce ambiguity, variations, rework and disputes. Make project specifications clear, complete, current, consistent and easy to find before issuing work for tender.
Short RFP/RFQ/RFT response times reduce the quality of project proposals and ultimately increase project costs. Reduce the chances of this happening by allowing sufficient time for companies to prepare quality proposals.
Once you are established in your career, prioritise job details that impact your daily life, like commute time and project management systems rather than pay and career development. This will give you more time for a better work-life balance and time for personal growth and development.
Clarify the terms and conditions with the new project manager. If the client changes during a project (or the client project manager changes), then you as the project manager should …
Scope creep is sneaky and costly. Learn how to spot it early, manage it firmly, and keep your project from going walkabout with these proven field strategies.
Manage with contracts to improve your project success. Define scope and roles clearly. Putting a lot of the project work out to contract is one way, with the benefit of being able to control the schedule and cost by applying contract terms. Or contract internally.
Projects often fail because the project team members are not clear on their roles and responsibilities. Make sure your project team members know what they are supposed to do with defined roles, clear role descriptions and briefs of what they should be doing.