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Ill' [ HEWETT-KIER CONSTRUCTION, INC. GENERAL CONTRACTORS Master Project Schedule This schedule uses the same approach as the preliminary time model, identifying construction tasks, duration and precedence leading to a specific project's completion date.The schedule is a very useful tool with the following applications: • A completion date for the project is identified, and the schedule is backed into that date to ensure contract completion within the required time frame. • On-going schedule analysis allows our field and management personnel to consider recommendations to maintain and/or reduce the construction time line. • The Owner and project team is kept abreast of the scheduled completion date and any potential causes for delay. Cash Flow Schedule 41 The cash flow schedule is a derivative of the amount of work to be accomplished in each given month of the project as detailed in the Master Milestone Schedule. The cost of the work items is established during the estimating process and when applied to the durations in the schedule, the system establishes clear projections of billings each month. The software package is capable of automatically revising the calculations for monthly billing amounts when revisions are made to the Master Milestone Schedule. In this way cash flow projections remain accurate and up-to-date throughout the life of the project. Early Start Schedule The Master Project Schedule is sorted by Early Start. This schedule is utilized as the overall and individual activity schedule for the project. By planning activities around the Early Start date, Hewett-Kier Construction, Inc. is able to meet the overall schedule completion dates. It also allows use of any built-in float in the event activities don't commence on the Early Start date, thereby enabling the scheduled completion dates to be maintained. Responsibility Schedule The Master Project Schedule is sorted by responsibility so that the focus can be placed on each entity's scheduled activities and work requirements. Not only is the focus placed on the activities scheduled start, particular attention and emphasis is placed on the duration of each activity. ® Addressing and concentrating on durations of each activity ensures that the schedule will be met. It also enables contingencies to be developed in the event completion of an activity in the required time frame cannot be attained.