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When it comes to contracts administration in cost management how do we cash flow forecasting, cost planning?

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Question ajoutée par Santhamurthy Kesavan , Consultant , Self Employed
Date de publication: 2016/04/11
Md Fazlur Rahman
par Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

Thanks for nice question.

 

Please request the contract administrator to include the payment schedule in the contract and as per payment schedule, incorporate the amount in cash flow. If there is any amendment to the contract, please request the contract administrator to send a copy to you.

 As a rule, a copy of contract and any amendment thereof shall be forwarded to budget officer, finance and cost management accountant to incorporate payment schedule in cash outflow forecasting

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