Cost Control

• Prepare and distribute Project Cost Reports that will indicate actual costs compared to the construction budget.
• Evaluate the subcontractor bids, including alternate prices and unit prices with a recommendation to the owner in regard to the award of each construction contract.
• Prepare and distribute Cash Flow Reports.
• Review the payment applications submitted by each subcontractor and determine how the amount requested reflects the progress of the subcontractor's work. From there the team will make appropriate adjustments to each payment application and shall prepare and forward a progress payment report to the owner and architect.
• Meet with subcontractors to determine a schedule of values for each of the subcontracts.
• Verify that the required subcontractor permits, bonds, and insurance have been obtained.