To assure that the Project Manager is kept fully current on present and projected costs on a project, utilize our cost control system. Payments for all labor, material, equipment rental, and subcontracts are processed within the system and all costs to date are reported by line item. A Contractors Statement is prepared monthly showing the current adjustment project cost. The monthly statements are reviewed to insure that spec of the work is proceeding on schedule and within budget.
Financial management of the project will be handled by the accounting staff under direction of the Project Manager. All cost information is processed through the system to provide the most accurate reporting and payment control disciplines.
Lien releases are required from all subcontractors and vendors to guarantee that all obligations against any account are known and properly satisfied. Copies of invoices with payment verification are recorded and filed for future use and audit.