Coreworx Contract Management
for Capital Projects
Compliance to project policies. Insight to project risk.
Coreworx Contract Management (CCM) is a contract communications platform that supports the management and execution of all pre-award and post-award contract information and processes, from the outsourcing decision and the development of the contracting plan & schedule to the close out of the last contract. Coreworx Contract Management ensures team member compliance to contract policies and commitments and provides them with insight to manage contract risk.
Mitigate Cost & Schedule Risks
Coreworx Contract Management will enable projects to mitigate cost and schedule risk by helping to:
AVOID CLAIMS & SETTLEMENTS
Build historical database for supporting claims or litigation
Manage contractual notices & follow up on timed basis
MANAGE GROWTH & LEAKAGE
Clear scope definition
Early identification & resolution of potential change
MEASURE BUSINESS PERFORMANCE
See progress vs. planned
Contractor performance history, lessons learned
Reduce cost of extended activities
Avoid opportunistic behaviour of contractors
“During my 15 years as Global Functional Leader, I never found a contract management tool designed specifically for projects that offered the level of functionality we truly needed.
It was exciting to be given unrestricted authority and support by Coreworx to incorporate my lifetime of experiences into the development of a truly effective contract management system, and in doing so, fill a much needed gap in improving project performance at all levels.”
Ian Foster, former Contract Management Global Functional Leader (GFL) for a leading international EPC
Award Contracts Faster
Today’s projects make time-driven contract award the norm. Coreworx dramatically shrinks the time required to plan, assemble and track development of a scope of work with hundreds of documents and detailed quantities.
Time-driven automation with workflow streamlines and controls the evaluation process and integrated alerts keep everyone informed and on task.
Track Contract Activities
The diligence required to track commitments to clients and manage deliverables from contractors is extraordinary. The central contract administration work area gives you a 360 degree view to all contract activities and deliverables for extraordinary control and visibility. A single click lets you generate correspondence, search for information or respond to requests.
Control Communications & Change
Engineering & contruction projects require an enormous amount of communication and ability to adapt to change. Each information exchange carries inherent risk, demanding a high level of discipline and control. From transmittals to technical queries and change requests, Coreworx consistently captures, validates and distributes information to ensure integrity of your practices. The historical database logs every interaction and artifact from clients, partners, suppliers and bidders.
Report on Contracts
The project team needs accurate and timely information at their fingertips to make the right decisions. Coreworx provides dashboards and reports for contracts that measure planned versus actual values, monitor team and contractor performance, and identify trends that represent project risk. Drill down from red flags to contract artifacts to mitigate issues or bubble up contract information to projects and programs.
Learn More About Contract Management
Coreworx Contract Management Top 5 Pre-Award Features Webinar Recording
This webinar highlights the pre-award features from owner and EPC perspectives.
Coreworx Contract Management Top 5 Post-Award Features Webinar Recording
This webinar highlights the post-award features from owner and EPC perspectives.
Controlling Contract Growth Webinar Recording
See how to see how Coreworx Contract Management can help manage growth on your capital projects.