Chapter Four – Green Project Cost Monitoring and Closeout

This chapter basically clarifies the process and components of project evaluation and analysis. It goes on to discuss the major players typically involved in the construction of new facilities and major renovations. The need for preconstruction documents and photo documentation are also examined and explained. The function of the Designer of Record is examined as is the need for site visits and observations to assist in the preparation of regular monthly Project Status Reports (PSRs) for the project in addition to allowing loan monitoring of the project. Likewise, normal procedures for loan disbursements (the most widely used application for payment forms are scrutinized), change orders, waivers of lien, and so forth are examined. General Conditions and Supplemental Conditions are clearly defined, as is the procedure for preparing the final certification and project closeout. Last but not least, Quality Control and Quality Assurance are examined.