2020
Mar
18

Project Accounting Practices and Accounting Policies – Definitions and Guidance Notes

The purpose of this guidance note is to provide definitions and guidance for critical accounting practices and to communicate the principal accounting policies. Responsibilities The following personnel have responsibilities mentioned in this procedure: – Corporate Heads of Finance (Chief Financial Officer /

2020
Mar
3

Petty Cash Reconciliation Procedure & Policy for Cash Handling

petty cash replenish procedure flow chart

The purpose of this procedure is to define the requirement for the management of Petty Cash in offices and any type of projects as applicable. This procedure describes the process for the establishment and changes to the Petty cash float and the

2020
Feb
18

Corporate Commercial Project Review Procedure

Corporate Commercial Project Review Procedure

Purpose: To provide a system for a review of projects by impartial, independent and experienced personnel to ensure that required performance standards are being met and to assist and advise the related parties as appropriate. Scope: This procedure is applicable for all construction projects

2020
Feb
16

Tendering process in construction tenders

Tendering process in construction tenders

Tendering process in construction tenders helps in the selection of a contractor for performing the construction works in a project. Tendering process is the most important step for success of any project. Because wrong choice may lead to a delay in project

2020
Jan
9

Commercial Management Procedure for Project Cash flow and Flexible Budget Reporting

Project Cash flow and Flexible Budget Reporting Procedure and Template

1.0 Purpose To set out a standard methodology for the forecasting and reporting of project revenue, project costs, net cash position and monthly profit & loss to facilitate divisional and overall company accounts management. 2.0 Scope This procedure is applicable for all

2019
Dec
13

Project Management Monthly Reporting Procedure & Formats

project report procedure for detailed project reporting

1. Purpose The purpose of this procedure is to provide a standard monthly project report formats and guidelines, which facilitate the accurate and regular reporting of a project’s progress and status to senior management. The contents of the Monthly Project Report represent

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