Contract Administration & Job Cost Control

Job costing is one of the main reasons construction businesses look for a new accounting system. For example many small and medium size businesses are satisfied with their accounting software in terms of general accounting functions, but when it comes to handling subcontracts, change orders, AIA invoicing, and budget tracking, these systems tend to fall short. In addition, these firms struggle with providing their project teams with tools to manage their own project budgets and the ability to prepare progress payments. If your firm is struggling with these functions, Corecon is your answer!

Corecon's contract administration features are flexible and powerful enough to meet the demands of any type and size of firm. From our four contract types to the advanced billing wizards that automate the AIA invoice process, Corecon is the tool you need to get a handle on your contract functions.

Some of the more popular contract administration and job costing features include:

Prime Contracts

• Four Contract Types:
• Fixed lump sum
• Cost plus - with guaranteed maximum price (GMP)
• Cost plus - without guaranteed maximum price (GMP)
• Unit price
• Set budgets for revenue, costs, labor hours, and equipment hours by job cost code
• Define scope of work and document inclusions, exclusions, addendums
• Multiple prime contracts (i.e. Design, Build, Lot 1, Lot 2) each having their own budgets
• Change Management: Change Proposal Request and Change Orders
• Prime Invoices based on contract type and AIA style

Procurement

• POs/Bills
• Subcontracts/Sub Change Orders/Sub Invoices
• Subcontract Types:
• Fixed lump sum
• Cost plus - with guaranteed maximum price (GMP)
• Cost plus - without guaranteed maximum price (GMP)
• Unit price

Time Tracking

• Employee Management
• Labor Timecards
• Equipment Management
• Equipment Timecards

Executive Dashboards

• Business Intelligence dashboards to analyze multiple projects or a single project
• Cost Reporting: Estimated, Committed, and Cost To Date
• Labor Hour Analysis and reporting
• Equipment Hour Analysis and reporting
• Work-In-Progress (WIP) reporting
• Drill-down reports using SQL Server 2005 Reporting Services