Section 6: Construction Project Timeliness
There is significant interest regarding the “on-time” status of construction projects. It is simple to compare the percent of project time used and the percent of the contract value that has been paid, but because a project’s payout curve is not always linear and parallel with the progress of time, this calculation doesn’t always give a clear picture of the status of a project’s timeliness.
Project Managers (PM) can determine the estimated completion date and an estimate of the project’s percent complete status on a monthly basis.
- Anchor: #FHBLTLMS
- If the project has a CPM schedule, the PM should be able to assess if the contractor has deviated from the schedule and assign the estimated percent complete based on this observation. Anchor: #KUSUILOU
- If the project does not have a CPM schedule, the PM will estimate the percent complete based on their judgement of the contractor’s prosecution of the work.
It is recommended as a Best Practice that the PMs report the “Estimated Completion Date – PM Estimated” and the “PM’s Estimated Percent Complete” in SiteManager monthly.
Refer to the SiteManager Contract Administration Manual, for instruction on inputting and maintaining “Key Dates”, “Checklist Event Dates,” and Construction Project Timeliness email.