Time and Cost Variance of Construction
Projects Monitored by Bank Investment
Supervision
J. Konior and M. Szóstak
Abstract Technical, financial and organisational time and cost monitoring in
compliance with a Bank Investment Supervision (BIS) requirements have been
presented. Methodology of construction project appraisal for financing and execution professional preparation have been laid out—technical documentation, arrangements, realisation. Engineering, Project and Construction Management (EPCM)
approach to investment process and solid, consequent, regular construction projects
monitoring executed by professional Banking Supervision Inspector make possible
to minimise any faults of inappropriate financing of construction projects. On the
basis of the 15-year author’s practice of Bank Investment Supervision developed
methodology significant construction projects time and cost variance have been identified and measured. The research has been recorded in 536 reports of 40 investment
projects in advanced manufacturing, commercial, residential, hotels and apartment
housing sectors.
Keywords Time and cost variance · Construction project · Bank investment
supervision
1 Introduction
The Bank Investment Supervision (BIS)/Project Monitoring services stand for monitoring of a construction project in terms of risks that may occur [1–3] as well as the
financial schedule of all works, in order to evaluate the progress of the works in
respect of the loan drawdown provisions.
The scope of the services includes:
• Preparation of Initial Report;
• Preparation of Monthly Reports;
J. Konior (B) · M. Szóstak
Faculty of Civil Engineering, Department of Building Engineering, Wrocław University of
Science and Technology, Wybrze˙ ze Wyspia´ nskiego 27, 50-370 Wrocław, Poland
e-mail: jaroslaw.konior@pwr.edu.pl
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Z. Zembaty et al. (eds.), Environmental Challenges in Civil
Engineering, Lecture Notes in Civil Engineering 122,
https://doi.org/10.1007/978-3-030-63879-5_16
207
Projects Monitored by Bank Investment
Supervision
J. Konior and M. Szóstak
Abstract Technical, financial and organisational time and cost monitoring in
compliance with a Bank Investment Supervision (BIS) requirements have been
presented. Methodology of construction project appraisal for financing and execution professional preparation have been laid out—technical documentation, arrangements, realisation. Engineering, Project and Construction Management (EPCM)
approach to investment process and solid, consequent, regular construction projects
monitoring executed by professional Banking Supervision Inspector make possible
to minimise any faults of inappropriate financing of construction projects. On the
basis of the 15-year author’s practice of Bank Investment Supervision developed
methodology significant construction projects time and cost variance have been identified and measured. The research has been recorded in 536 reports of 40 investment
projects in advanced manufacturing, commercial, residential, hotels and apartment
housing sectors.
Keywords Time and cost variance · Construction project · Bank investment
supervision
1 Introduction
The Bank Investment Supervision (BIS)/Project Monitoring services stand for monitoring of a construction project in terms of risks that may occur [1–3] as well as the
financial schedule of all works, in order to evaluate the progress of the works in
respect of the loan drawdown provisions.
The scope of the services includes:
• Preparation of Initial Report;
• Preparation of Monthly Reports;
J. Konior (B) · M. Szóstak
Faculty of Civil Engineering, Department of Building Engineering, Wrocław University of
Science and Technology, Wybrze˙ ze Wyspia´ nskiego 27, 50-370 Wrocław, Poland
e-mail: jaroslaw.konior@pwr.edu.pl
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Z. Zembaty et al. (eds.), Environmental Challenges in Civil
Engineering, Lecture Notes in Civil Engineering 122,
https://doi.org/10.1007/978-3-030-63879-5_16
207