Engineering – Architecture – Surveying – Real Estate
Sector characteristics
- Project-oriented work – large, phased projects
- Varied pricing based on : Time and Material, Fixed-price – Milestone Based, or % Total Construction Cost
- Need to capture % completion at Project or Task level
- High utilization – long assignments
- Activities often linked to deliverables (e.g. drawings)
- Extensive work at client site
- Revenue recognition unrelated to invoicing
- Extensive third-party fees for rebilling (document preparation, additional expert opinions, etc.)
Customers
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Bovis Lend Lease
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Carter Jonas
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CBRE
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City Facilities Management
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Cyril Sweet
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Cushman and Wakefield (case study)
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Edward Symmons
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Garrad Hassan
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H R Wallingford
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RICS
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Rockspring
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Rockwell
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Takenaka
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Turner
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WT Partnership
Sector challenges
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Project overrun
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Staff planning challenges
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Failure to recover expenses and third-party fees
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Over-valuation of work-in-progress
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Incorrect revenue recognition
systems@work Benefits
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Enables analysis of actuals against budget
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Enables analysis by sector, client, grade, role, project, location, etc.
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Can handle multiple project types: fixed price, time and material, etc.
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Can combine (or separate) expense rebilling with time-based invoices
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Enables capture of fee estimates and current % completion from project manager (retained for historical analysis)
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Enables capture (or import) of third-party fees
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Enables correct revenue recognition
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Integrates with Microsoft Project
