Public Works Contracts in Ireland: GN 2.2 – Planning and Control of Capital Costs

In this episode of Public Works Contracts in Ireland, we delve into Guidance Note GN 2.2, which focuses on the planning and control of capital costs within public works projects. This guidance note provides strategies for establishing realistic project budgets and implementing effective cost management techniques throughout the project lifecycle. We discuss essential topics such as setting cost baselines, monitoring expenses, managing budget deviations, and ensuring accountability in capital spending. Learn how structured cost planning and control mechanisms can help prevent budget overruns and contribute to the financial sustainability of public sector construction projects.