Fast set up
Transfer all relevant information from the estimate to Contract Costing with one simple action, including all budget costs from the estimate – broken down the way you want them into Cost Heads that suit your company. Automated features eliminate hours of reconfiguring, so you’re up and running from Day 1.

Advanced information management
Include materials, labour and sub-contractor costs, as well as projected revenues, in as much detail as you want, with the ability to sort information in the way that suits you, drilling down through the hierarchical structure for in-depth information as and when required. For example, you may want to list pipe and fittings separately from chiller plant, or cable tray separately from distribution boards – the choice is yours.

Tracking committed, accrued and actual costs
Always know exactly what spend you have committed to, as well as accrued costs arising from deliveries received and actual costs resulting from suppliers’ and sub-contractors’ invoices. From the moment you start issuing purchase orders, the order appears against the relevant contract as committed costs against the relevant cost heads.

Constant updating of budgets
Keep your budgets up to date to maintain a clear picture at every stage of the project. As the contract proceeds, all client-chargeable or in-house variations are recorded so it is simplicity itself to track progress and match complete or part-deliveries against orders – giving a clear and up to date picture of committed, accrued and actual costs.

Accurate Applications
Base your Applications for Payment on accurate, up to date information through improved control of committed and accrued costs – rather than just on delivered materials - giving you the chance to maximise cash flow.

Aged debtor analysis
Improve control even further through the ability to carry out an aged debtor analysis in relation to Applications, in the same way that accounting software will highlight debtor history based on normal sales invoices.

Tracking retentions
Apply the same control principles to retentions, so you are always aware of how much money is being held by whom, when it’s due and when you need to start chasing. Contract Costing also allows you to manage sub-contractor retentions to help with cash flow forecasting and management.

Tracking labour costs
Easily track and control labour costs. When an estimate becomes a contract, budget labour costs and quantities from the estimate are transferred automatically into Contract Costing, sub-divided into the cost heads of your choice, for comparison with actual costs and hours.
Posting time sheets builds up the information necessary to run the payroll, with automatic calculation of tax, national insurance, pension payments, etc; as well as producing payslips and generating pay for operatives.
At the same time, the relevant projects in Contract Costing are automatically updated with the hours and costs incurred, in as much or as little detail as you need. Contract Costing then provides valuable reports on how actual labour costs are performing against estimated values, so that problems are identified early on and remedied quickly.

Tracking sub-contractor costs and status
Control sub-contractor costs, as well as tracking their CIS status – making this a valuable risk management tool as well. With supplier details all recorded in a central supplier library, current tax status can be recorded along with other key information such as insurance and QA details, with automatic warnings when certificates are due for renewal or vouchers are outstanding.
Contract Costing will also handle recording and reporting all the information required for statutory returns to HM Revenue & Customs in relation to sub-contractors.

Complete control
Take control of the financial performance of each contract using Contract Costing’s host of advanced tools - rather than waiting until the end of the contract before calculating the profit.

Support
Supplied with full technical support