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TABLE OF CONTENTSPAGE

1 STANDARD OPERATING TYPES OF PROCEDURES (SOP)2

1 . 1 Introduction2

2 POSITION OF THE CONTRACT ADMINISTRATOR3

installment payments on your 1 Part and Responsibilities of the Agreement Administrator3

a few PAYMENT PROCESS4

3. you AS 4000 - 19974

3. two JCC –C 19945

three or more. 3 SINCE 2124 - 19975

some THE PROCESS OF CASHFLOW IN THE CONSTRUCTION INDUSTRY6

four. 1 The meaning of Cash Movement 6

some. 2 Earnings Concept6-7

5. 3 H Curve income model8

5. SECURITY8

five. 1 Cash Retention8-9

6th. INTERCONNECTION ROMANCE BETWEEN CASH FLOW/PROGRESS PAYMENT/SECURITY9

6. one particular Discussion and Diagram among Cash Flow/Progress Payment/Security9-10

7. CONCLUSION 10

8. REFERENCE11-12

9. APPENDIXES 13

9. 1 Appendix A13-14

9. 2 Appendix B15

1 . STANDARD WORKING PROCEDURES (SOP)

1 . you Introduction

A construction [company] is centering on becoming a the middle of -tier industrial building producer in Victoria. The Company has employed an agreement administrator to get ready and develop standard operating procedures (SOP). The standard working procedures would have been a document that outlines the organization practices which can be approved by the business board and administered by contract managers. It will plan to be used as a reference manual by administrators, and other administration staffs which may have budgetary/financial duties. Its purpose is to offer an efficient cost control and accountability program that will help make sure appropriate utilization of financials cash. This survey has been willing to provide general information about the part and required a contract officer in a structure [company] and can detail the function with the (CA) as well as the [company's] cost controls system concerning:

1 Role in the contract administrator

2 Obligations process (progress claim/progress certificates/progress payments) 3 Detail of cash flow process( cash management)

4 Security (bank assure and funds retention) and

5 Interconnection relationship between cash flow, improvement payment and security

All five areas must be been able successfully by contract supervisor, in the contract is to be a hit. In addition , good preparation plus the right deal are essential foundations for good deal process supervision.

2 . ROLE FROM THE CONTRACT MANAGER

2 . you Role and Responsibilities of the Contract Officer The position of deal administrator is actually a vital part in a building contract. The contract officer acts as the representative of the employer. Therefore , placing the contract officer in a function of the employer's representative places him/her within a decision-making placement. The agreement administrator will be responsible for handling and negotiating the agreement terms and conditions including: the Initial tendering process, original budgets, purchase orders, determined contracts and payment procedures.

From the provider's perspectives, general responsibility pertaining to contract operations will is best left to the agreement administrator. For instance, contract government will likely to incorporate negotiating the terms and conditions in contracts and ensuring compliance with the conditions and terms, as well as documenting and tallying any adjustments that may occur during it is implementation or perhaps execution. It could be summarized while the process of methodically and efficiently managing agreement creating, performance, and examination for the purpose of increasing financial and operational functionality and reducing risk.

3. PAYMENT PROCESS

Payment process consists of diverse claims that include progress says, progress certificates and improvement payment...

Recommendations: 1- Prokscha, Susanne (2007) Practical guide to clinical data management, (2nd edition) Abertura Raton, Fla.: CRC/Taylor & Francis

2- Phillip, Charles S

11- Oxley, L. and Poskitt, J. (1996) Management approaches applied to the development industry, fifth Edition. Blackwell Science, London, uk

12- Office of Market, Technology and Commerce, Earnings – Cash Management C. J

15- Cooke, W. and Jepson, W. M. (1986) Price and Economical Control pertaining to Construction Firms. London: Macmillan Educational Limited

16- Mawdesley, M., Askew, W

17- Peer, H. (1982) Using cost circulation forecasting designs. Journal in the Construction Split ASCE, 108, (CO2)

18- Singh, T

19- , A. S. and Selling price, A. G. F. (1993) Modelling normal cost commitment curves pertaining to contractors' cash flow forecasting. Construction Management and Economics

20- Marcus S i9000

[ 2 ]. Phillip, Charles S. 1999 Construction Contract Administration [electronic resources] Littleton: SME 99

[ 3 ]

[ some ]. Greg Goldfayl and David Picken (2004) Construction Contract Government Published by Deakin College or university Press, Geelong Victoria, 3217 Australia

[ a few ]

[ 6 ]. Australian Standards (1997) Basic Conditions of Contract (AS4000-1997) Published by simply Standards Down under 1 The Crescent, Homebush, NSW 2140

[ 7 ]

[ twelve ]. Australian Standards (1992) General Circumstances of Agreement (AS2124-1992) Printed by Standards Australia 1 The Crescent, Homebush, NSW 2140

[ 14 ]

[ 16 ]. Mawdesley, Meters., Askew, Watts. and O 'Reilly, M. (1997) Preparing and Managing Construction Jobs: The Best Set Plans… Addison Wesley Longman and The Chartered Institute to build, Essex.

[ 18 ]. Kaka, A. P. and Cost, A. M. F. (1993) Modelling standard cost determination curves intended for contractors' earnings forecasting. Construction Management and Economics

[ nineteen ]

[ 20 ]. Greg Goldfayl Construction Agreement Administration (1999) Published by Deakin School Press, Geelong Victoria, 3217 Australia

[ 21 ]

[ 22 ]. Greg Goldfayl Construction Agreement Administration (1999) Published by simply Deakin College or university Press, Geelong Victoria, 3217 Australia

[ twenty-three ]

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