DesignDesign: Month three…
Valuation week
Kofi needs the quantities by Thursday. Rex measures from the published shelf, not his downloads: C03, two metres deeper and all. The two valuations land within a rounding error.
Stage 5 · Build it · Stop 8 of 13 · The right way
Valuations
The back alley's bill so far: 120 weeks · See the bill
The right way
Checked before it goes
Before the milestone package goes, Sam, the firm's information manager, checks it against what the client accepts: names, models, the list. Two models are missing. A week to spare.
BuildBuild: Milestone two…
Accepted
The package is accepted first time. The money arrives on the milestone date, which surprises finance more than anything else this year.
The downloads folder£40,000 apart, rejected twice, six weeks late.
The published shelfMeasured from the current version, accepted first time, paid on the day.
Now there is: Measured from the published shelf (published information). Deliverables that pass the client's accept checkpoint, so they're paid when they're signed for.
What's going on here
Money follows information. A valuation is only as good as the version it was measured from, and a payment tied to acceptance only arrives when what's sent passes the client's check. Measuring from the published shelf, and checking a package against what the client accepts before it goes, keeps the cash moving.
In the town See it in the town: Two valuations, £40,000 apart. Who measured from which drawing?
Money is the last stop for a lot of information. Kofi's quantities only match the client's if both sides measure from the same place: C03 on the published shelf, not C02 in Rex's downloads. The milestone package then travels to Client Town's accept desk, and only what passes gets paid, so Sam checks it against what the client accepts before it leaves. Names and labels sound like paperwork until they hold up £400,000.
Fix it Valuations not matching? Check the revision first.
- Ask who measured the last valuation, and from which revision.
- Measure only from the published shelf, never from a download.
- Check each milestone package against what the client accepts before it goes.
A note for the information manager: Ask the client for its acceptance checklist at the start, and use it as your own check before every milestone.
Try it on your job
Ask whoever did your last valuation which revision they measured from, and where they got it.
ISO 19650 From the shelf to the payment
| ISO 19650 says | Means | In the town |
|---|---|---|
| Published state | Authorised and accepted information that can be relied on, with the current revision clear | The published shelf, where C03 lives |
| Information delivery milestone | An agreed point when a set of information is due to the client | Milestone two |
| Acceptance | The client's review of delivered information against what it asked for | The client's accept desk |
| Not from ISO 19650: the interim valuation | The regular measure of work done, used to pay the contractor. It is only as good as the version it was measured from | Valuation week |
Based on the ISO 19650 series: the ideas come from the standard; the plain-English wording, examples and advice are InfoTown's. ISO 19650 and its UK National Annex are © ISO and BSI. You'll hear the same language across the industry. Read more for free in the Information Management Initiative (IMI) Framework guidance from BSI and nima. For the full requirements, use the standard itself.