Controlling and Monitoring project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.
Execution Phase: Close monitoring of the project costs and resource allocation, including a comparative study referred to the project’s revised execution plan or the planned references in order to define and update any differences.
Periodic Reports: Cost control system requires issuance of periodic reports illustrating the comparative study and cost variances for all direct and indirect items in order to take any necessary action to keep matters on the right track and benefit from this experience in future projects.
Eiffel Company is committed to keep its active participation in local market in the field of construction. This is achieved through following all local laws and regulations taking into consideration the clients’ requirements and all other relevant requirements through the introduction of necessary modifications and continuous improvement.
- Eiffel Company announces its commitments/pledges as follows:Providing all services/ works in high quality with competitive prices. Maintaining customer satisfaction. Planning & implementing actions to address risks & opportunities for increasing the effectiveness of quality management system and achieving improved results. The continuous improvement in Quality, Health, Safety and Environmental Management Systems. Protecting the health and safety of its employees and preventing environmental pollution during all stages of the execution of the works. Carrying out all procedures to minimize fatalities, accidents, losses and minimizing emissions that may affect the environment. Spreading the culture of proactively minimizing the impact of Company operations on HSE.
We believe that all employees are our most valuable asset. So we get specialists who are responsible for recruiting, screening, interviewing and placing workers. They may also handle employee relations, payroll, benefits and training.
HSE Policy Statement:
Eiffel for general contracting recognizes that the protection of the health and safety of its employees and the others, involved in or affected by its activities, and the protection of the natural environment constitute an integral part of the Company’s business performance and a prime responsibility of our entire workforce at every level. Within Egypt and in any other country, where activities related to the venture are carried out, the Company is committed to achieve World Class HSE performance in accordance with good construction practices.”
Eiffel for general contracting, and all of the ongoing project, will particularly: Aim to make continuous improvements in its safety and environmental management system so that accidents are reduced, pollution abated and environmental emissions and wastes prevented.
Require our contractors and sub-contractors to demonstrate the same level of commitment Eiffel for general contracting applies, to continue enhancing the standards of care for health, safety and the environment.
In order to maintain the required level of performance and meet customer satisfaction, Eiffel for general contracting carefully choose their subcontractors and suppliers through a restricted system for evaluation and selection according to known qualification criteria. This system is periodically updated to sustain only the subcontractors and suppliers who can meet our criteria.
The tender starts when an appropriate Invitation To Tender (ITT) has been identified. The ITT is a formal document that is published by a purchasing company in order to notify other companies that bids for a piece of work, project or service is required.
There is always a fixed deadline that the tenders must be returned by and this makes bid management very time dependent. It all adds to the stress of the entire process.
Tender Management includes:
- Analyzing the requirements within the ITT.
- Designing a solution that meets these requirements.
- Managing the staff that will write the tender.
- Developing a compelling proposal that will meet the requirements and stand out from other bids.
- Producing a pricing structure that will win the bid as well as produce a profit by the end of the project.
- Minimizing risk and maximizing the impact of the tender.
- Sticking to tight deadlines.