Enabling Contractors to make gains in trust
Digital Cost Assurance offers Contractors the same level of confidence and simplicity that it offers the Client.
Like the Client, you deploy a whole ecosystem of subcontractors that you rely on to deliver the project. You need to make sure that those subcontractors are being paid accurately and that disputes are escalated and resolved as quickly as possible.
By reducing disputes, cash continues to flow through the system far more easily for everyone concerned. The format and type of data has already been agreed with the Client and that understanding enables all parties to accelerate legitimate cashflow.
Critically, your organisation also benefits from a smoother system of payment because the criteria for payment have been agreed with their own supply chain in advance, and Digital Cost Assurance is responsible for reconciling the two.
This reduces your overheads as you no longer need to administer the commercial filtration of that information. Payment is quicker – and disputes reduced - resulting in improvements in morale and motivation.
At a reporting level, having closer control of the accuracy of your cost data enables you to be more secure in your shareholder reporting and when seeking investment. Gaining a reputation for being easy to do business with can make all the difference.
Finally, there are real gains around scope. Your team are dealing with more accurate forecasting and financial data whilst your client is happier and more confident in the work. With less time spent reconciling disputed contracts and more focus on delivering the project, confidence ripples out across the whole supply chain.
As a result, Contractors don’t just make gains financially, you make real gains in trust.