Construction Progress For LSTK contractor
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The principle for evaluating progress for a LSTK package is pretty much the same as any other project.
You can use the $ value as weighted value for each element of work but it will not reflect the actual physical progress. For example, some equipment cost a lot in terms of value but are not classsified as labour intensive works.
I think the best unit of measure for evaluating progress is manhours.
Cheers,
Daniel