Contract Management / Budget Management
PH&C administers the construction contract and budget, including change orders, so you see each cost before it is committed.
The contract says what the contractor owes. The budget says what you can spend. PH&C administers both every month until the last retainage payment.
What PH&C handles
- Setting up the project budget by line item, from the executed contracts and soft costs.
- Reviewing pay applications against work in place, stored materials, and the schedule of values.
- Collecting lien waivers and required documentation with each payment.
- Evaluating change-order requests for scope, price, and time.
- Tracking pending changes, which are costs even before they are approved.
- Managing allowances and unit-price work.
- Reporting contingency use and remaining balances.
- Closing out contracts, retainage, and final payments.
What you get
- A monthly cost report showing original contract, approved changes, pending changes, amounts billed, and balance.
- Change orders priced and reviewed before the work proceeds.
- Pay applications you can approve with confidence.
- A budget that stays tied to your lender’s and your partners’ reporting.
How it connects
The budget starts in pro forma analysis and budgeting. Lender draws are supported through bank billing and inspection coordination. Both are part of construction management. If you want closer control of costs on a project in progress, contact PH&C.
Projects
16 projects
