Morley Hoppner - Costing and Forecasting Fundamentals Memo

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Word

Document for Download

File:MHI Costing and Forecasting Memo -1 - July 16 2023 - Final.docx

PDF

Document for Download

File:MHI Costing and Forecasting Memo -1 - July 16 2023 - Final(PDF).pdf

This memo talks about:

  • Project Billings
  1. Billing Setup
  2. Monthly Billing Process
  • Month End Project Reporting Cycle
  • Cost Reports and Project Cost Code Setup
  1. Project Setup
  2. Setup of our own Change Order Log
  3. Cash Allowances
  4. Backcharges
  • PO/SCR Generation/Code Management
  1. Subcontractor Award (Subtrade PO’s)
  2. Minor (material) Purchase Orders
  3. Subcontractor Revisions (Change Orders to the Project)
  • Monthly Forecasting/Process
  1. Typical Monthly Forecasting Notes
  2. Monthly Checks / Validation
  3. Labour Forecasts