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How to compose payment charter

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[Music] hello my name is jennifer whitt director of projectmanager.com well thank you for joining us in our whiteboard session today on writing a project charter this has to be one of the most confusing areas in the project and it begins in the beginning of a project before it really ever starts so many people say we dont do project charters well they think they dont maybe its not that they dont do project charters maybe they dont call them project charters so maybe other names may be in some organizations an s o W or a statement of work an er D or an estimate response document a B C a business case or some may call just simply a quote so what whether you call it a project charter these may be some synonymous names but the project charter is very important in the beginning of a project because what it is why its useful and how its used is really to set the formal authorization of a project so here are some of the common elements that are found in a project charter its literall

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Who are the stakeholders in the construction supply chain?

The key stakeholders in the construction supply chain are developers, architects/consultants, main contractor, subcontractor and suppliers.

What is the construction supply chain payment charter?

Fair and transparent payment practices are essential to the achievement of successful integrated working on construction projects. This Charter applies to all parties to construction contracts with the aim of helping to create a more collaborative culture and ensure a strong, resilient and sustainable supply chain.

What is the supply chain of construction?

A typical supply chain for a construction project includes engineers, architects, prime contractors, material suppliers, and specialty subcontractors who come together to work on a single project.

What is the Fair payment Charter?

Model Fair Payment Charter1 Companies have the right to receive correct full payment as and when due. Deliberate late payment or unjustifiable withholding of payment is ethically not acceptable. Fair Payment will apply equally between the client and lead contractor and throughout the supply chain3.

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