Financial - PowerPoint PPT Presentation

1 / 1
About This Presentation
Title:

Financial

Description:

Unaccounted costs A Variations Spreadsheet was created to capture the extra ... Line Bay at Islington Substation as part of the ISL-KIK 3rd cct upgrade project. ... – PowerPoint PPT presentation

Number of Views:17
Avg rating:3.0/5.0
Slides: 2
Provided by: michael1555
Category:
Tags: financial | isl

less

Transcript and Presenter's Notes

Title: Financial


1
ISLINGTON 220KV NEW LINE BAY PROJECT By Michael
Yang
Project Background To install a new 220kV New
Line Bay at Islington Substation as part of the
ISL-KIK 3rd cct upgrade project. The overall
project involved the installation of a third
circuit that runs from Islington to Kikiwa
substation to provide extra thermal capacity when
the load is high and an extra security in case of
unforced outages. Islington substation project
involved the installation and commisioning of
disconnectors, circuit breakers, current
transformer, gantries etc and the connection to
the existing 220kv network at Islington
substation.
  • Achievements
  • No Delays in commissioning of equipments
    although a majority of the client supplied items
    were delayed alternatives were found in time and
    shipped to site for use.
  • Minimum time was used by the crew to construct
    the new line bay.
  • Communications
  • Follow structure The client (Transpower NZ Ltd)
    assigned a representative (Mitton Consulting) to
    communicate to the contractor (Transfield
    Services NZ Ltd). This structure was altered in
    several occasions to allow closer monitoring of
    materials supplied by client.
  • In one case the client was mis-informed in
    regards to a delivery problem on a client
    supplied item, this caused a variation cost which
    had to be absorbed by Transfield Services.
  • Financial
  • Cost Monitoring - Contract Progress Report
  • Used for forecasting the final margin of the
    project by forecasting the costs to come.
  • Unaccounted costs A Variations Spreadsheet was
    created to capture the extra costs that were not
    part of the original contract. Most were
    approved but some could not.
  • Project suffered a loss of 3.4k due to multiple
    reasons, main one due to the unaccounted travel
    and accommodation costs by the crew.
  • Safety
  • Many tools were used on the job to ensure safety
    of workers including Job Risk Analysis, Safety
    plan, tailgate. However this did not prevent the
    injury of an employee who was injured by a
    lifting equipment.
  • Employee was taken to hospital by ambulance, but
    was discharged later on the same night.
Write a Comment
User Comments (0)
About PowerShow.com