ABSTRACT
Control of cost is exercised by whoever puts the resources to work. Financial control, other than letting subcontract packages and pricing of employer variation requests, is retrospective and cannot recover monies spent. This provides an understanding for production managers of the disciplines and processes necessary for full financial control and certainty of outcome. For accurate reporting of potential costs most companies require their Quantity Surveyors insert for every week behind programme an additional week's preliminaries, labour, plant and Labour Only Subcontractors (LOSC) cost into the Projected Cost. The Quantity Surveyor effectively acts as estimator; where there are Bill of Quantities he may be required to use analogous rates. The control of payments begins with the subcontracts and orders to ensure that the Subcontractor submission dates correspond with the Main Contract dates and that payment terms permit the money to be received from the Employer before the Subcontractors and Suppliers are due payment.
