PROJECT FINANCE - Level 2 Flashcards
1
Q
Could you please talk me through a change control procedure on one of your projects?
A
2
Q
What does an S Curve mean in terms of a cash flow?
A
3
Q
When would you be concerned about a cash flow?
A
4
Q
What is a provisional sum?
A
Provisional sums are generally an allowance or estimate
5
Q
What is the difference between a defined and undefined provision sum?
A
6
Q
- How may you determine the amount of contingency that is required on a project?
A
7
Q
What are provisional sums, and who takes the risk on them?
A
8
Q
- If the Contractor is behind their anticipated cash flow, what could this be an indication of?
A
9
Q
On White City, what were the timescales to issue your Payment Notice, and for the client to make the final payment?
A
10
Q
On White City, what would happen if you didn’t raise your Payment Notice within the contractual timescales?
A
11
Q
On Varcoe Road, how did you monitor the project finance?
A
review cashflow against actual spend
financial reporting
12
Q
- On Varcoe Road, please explain what is included in your monthly report.
A
13
Q
- On Westhorpe Gardens, tell me how the provisional sum was calculated for the clearing of the garages and how you had assessed the amounts to be offset against the provisional sum?
A
