The EPC Turn-Key Paradox

Investors are always pressing for the lowest capital construction cost with the least amount of contractual risk exposure. It drives up returns. At the same time, EPC’s are pressing for the highest capital construction cost with the least amount of contractual risk exposure. It drives up returns. Therein lies...

Thankful to so many, but especially my wife

As I look back on 2019, I can’t help but reflect on the things I am thankful for, both professionally and personally.  Professionally, I am thankful my business partners pushed me to chase my passion for entrepreneurship. I would have never co-founded Nexus PMG (or Cloud EPC) if it was not for them scaffolding around the insecurities of believing in myself. Fast forward six incredible years and 2019...

Why I Decided to Leave a Large Corporation to Work for a Small Business

In today’s growing economy, with more and more opportunities available for those who are interested, a lot of professionals of all ages are faced with difficult career choices...

5 Tips for Writing Better Monthly Reports

Project reporting is a useful tool for both on-project and off-project management entities. The monthly progress report is typically a book of record and can be called upon in a legal dispute. It’s the professional responsibility of all project members to accurately report the project...

3 Things You Should Know When Developing a Claim Package

One of the more difficult tasks associated with claim package development is creating persuasive arguments that establish the impact made by events outside of your control.

Top 5 Things You Should Do to Be Ready for a Construction Claim

The number of construction claims continues to rise as projects become more complex and contract structures increasingly intricate...

Understanding Commitments, Expenditures & Payments

Before we discuss commitments, expenditures and payments, the concept of cash flow must be addressed. Commitments, expenditure and payment plans and curves are often mistakenly confused with cash flow...

Foundations of Finance: Impact of Interest Rates on Equities

Interest rates are something nearly everyone is familiar with, and likely not a fan of. An interest rate is a cost associated with borrowing money from any given source.

Understanding Contingency

Many are familiar with the concept of project contingency, but may not know how the value is initially calculated, when it is drawn from, and how to effectively generate an appropriate draw down curve. First let’s review the general concept of project contingency and its purpose. When estimating the...

5 Reasons to Record Meeting Minutes

Meeting minutes are essential. Many of you likely spend your entire day in meetings, and often the result of a meeting is to have another meeting. You can easily become overwhelmed with deliverables that result from a meeting, or even directions you need to provide to your team. This...

Types of Project Conflicts

There are different types of project conflicts found among teams and managers, due to differing personalities and sense of priorities. A good project manager needs to anticipate such conflicts and be able to resolve them amicably for the success of the project. This is indeed a challenging task. The...

Understanding the Change Management Process

Change management is the backbone of project cost control. After all, if there was never any change or deviation from your original plan, and things went exactly as they should, there would be little need for project controls. Being that change will occur on each and every project, it...