Following acceptance of the Letter of Agreement PSM prepares a preliminary plan showing the project work flow, the projected cash flow and when the various milestones, inspection, payment etc, will occur.
PSM also prepares the scopes of services for the various contracts identified in the Letter of Agreement, prepares and issues tender documents for these contracts, receives bids, evaluates the bids and submits to the Client with recommendations as to award. As part of this contract process PSM updates the project plan in more detail.
Following award by Client PSM monitors and controls the implementation of the contracts against the updated project plan. During this phase of the project PSM will prepare and issue progress reports including status of the milestones dates.