PMC quote calculation issue
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How are quotes for PMC services calculated in China? Is it based on the total project cost or on the number of man-hours? Also, which households are managing their projects in accordance with the World Bank’s project management procedures? Thank you. Extra points for gratitude
The last edit to this post was made by The wise are enlightened on 2011-5-7 at 13:35. PMC’s quotes are usually calculated using the formula \"hours worked + profit + overhead\", and depending on the scope of work, they account for approximately 4–10% of the total project cost. What about the World Bank’s project management procedures? I’m not sure what standard procedure this refers to; are you saying to use the FIDIC contract templates, PMI’s PMBOK, or IPMP’s ICB?
The contract I have is in the FIDIC version
Reply to 3# Hope Road: There are many projects in China that use the FIDIC contract model. Starting with the Lubuge Hydropower Station in the 1980s, this approach brought about changes, or even a revolution, in the project management practices in China’s construction industry. Since then, projects such as Ertan and Xiaolangdi, as well as many other infrastructure projects in China that have utilized loans from the World Bank, Asian Development Bank and similar institutions—including roads, power plants, railways, and urban sewage treatment facilities—have adopted the FIDIC Yellow Book <Equipment and Design – Conditions of Contract for Construction> and the Silver Book (<Conditions of Contract for EPC and TURNKEY Projects>). You may also refer to the \"Standard Bidding Documents for Design and Construction General Contracting\" issued by nine ministries on November 9 last year in China, as well as the \"Model Texts for General Contracting Agreements\" issued by the National Development and Reform Commission in 2009; these two documents are not much different from the FIDIC contract conditions.