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Bliss_PM3320 Unit 1 Lab 1_Cost Mgmt Plan

Bliss_PM3320 Unit 1 Lab 1_Cost Mgmt Plan - Cost Change...

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Project Title Unit 1 Lab 1 Cost Management Plan Prepared by: Robert Bliss Date: 12/13/2013
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1. COST MANAGEMENT PLAN Cost Management Roles and Responsibilities Role Responsibilities Project Manager Robert Bliss Develop Cost Management Plan Monitor cost performance baseline Report Variances Apply corrective actions when needed Project Sponsor Robert Bliss Protect the project budget Agency Fiscal Bureau Robert Bliss Assist with ensuring expenditures are accurately reported Project Cost Estimates Project budget not exceed $250.000.00 Funding Sources Funding to be sole responsibility of property owners Doug and Donna Smith Cost Tracking and Monitoring Maintaining and controlling budget is responsibility of the contractor. Contractor shall subcontract portions of the project to licensed and bonded tradesmen to perform electrical, plumbing and HVAC work. Contractor shall request a minimum of three quotes per trade.
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Unformatted text preview: Cost Change Management Changes be handled by approval of property owner Owner has sole responsibility to approve cost changes Contractor will monitor and control all costs and report any potential cost overages to the customer prior to approval of the overage. In the case that project cannot be on or under budget, due to project specifications on the plans contractor to meet owners and explain what trades options may be undertaken to lower costs. Invoice and Payment Schedule Contractor will invoice customer upon completion of the following stages of the project and be entitled to the following percentage amount of the project cost: Foundation 10% Framing 25% Roof 10% Plumbing, electrical and HVAC Rough-in 25% Drywall and painting 10% All finish trim including appliances 10% Customer walk thru and approval 10%...
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