As part of a professional service, UKES has the ability to monitor and control the costs relating to a project. Significant investments have been successfully reported using our in-house database tools.  And combining the fiscal information with project schedules, we can provide the client with strategic management information.

• Forecasted project spend vs. budget
• Orders placed and overall financial commitment
• Invoices / stage payments released and cashflow forecasts
• Earned value & cost to complete, either by work package or overall project
• Design variation impacts, both before commitment to progress and during execution
• Foreign Exchange impacts for overseas purchases
• Reporting in any currency

A Client Account facility can be provided as part of our turn-key Project Management Service.  This simplifies all project transactions for the client, into a series of stage payments into a protected reserve, and all activity and invoices for vendors and contractors is operated by UKES.  There are a number of advantages from using this system.

• Impact on client's accounts team in minimised, as site teams are not geared for the adminstration which is linked to a major project
• All account activity is "open book" and unique to the client, making auditing of a project straight-forward
• Invoice and payment queries with contractors are less involved, reducing the risk to project schedules
• Project cost reporting can be directly reconciled against fiscal accounts

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