XN000022-1995-03-27 — Page 4

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The Sub-committee on Works Progress and Cost Monitoring is the fifth sub-committee set up under the ACC. The Sub-committee's terms of reference are "to monitor and assess the overall works progress, cost, effectiveness and control of the ACP as a whole, to make recommendations to the main Consultative Committee for consideration".

At today's meeting, Mr Lam told members of the new sub-committee that a total of 112 ACP contracts amounting to $80.9 billion had been awarded so far.

"The Legislative Council has already approved 97 per cent of the funds for the government works, and all the $60.3 billion government funding for the airport and airport railway projects as envisaged in the Agreed Minute signed by the British and Chinese sides last November," he said.

The Controls Manager of NAPCO, Mr Jhan Schmitz, also briefed members today on the comprehensive integrated programme and project control approach and system which had been devised and implemented by NAPCO for the ACP.

Mr Schmitz said details of this approach and system, including control, administrative and reporting requirements, were contained in a set of procedures, standards and system which all works agents had to implement and adhere to under NAPCO's guidance.

He said: "The objectives of these ACP procedures are:

to provide the basic management tools to help ensure completion of the approved ACP scope on time and within budget;

* to standardise the requirements and methods of project control and contract administration across the ACP, for consistent and integrated monitoring, control and reporting;

to ensure an adequate level of visibility and control at all levels programme, project and contract; and

to support early identification and resolution of potential problem areas and changes before they become critical."