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
Bovis Lend Lease
Carter Jonas
CBRE
City Facilities Management
Cyril Sweet
Cushman and Wakefield (case study)
Edward Symmons
Garrad Hassan
H R Wallingford
RICS
Rockspring
Rockwell
Takenaka
Turner
WT Partnership
Sector challenges
Project overrun
Staff planning challenges
Failure to recover expenses and third-party fees
Over-valuation of work-in-progress
Incorrect revenue recognition
systems@work Benefits
Enables analysis of actuals against budget
Enables analysis by sector, client, grade, role, project, location, etc.
Can handle multiple project types: fixed price, time and material, etc.
Can combine (or separate) expense rebilling with time-based invoices
Enables capture of fee estimates and current % completion from project manager (retained for historical analysis)
Enables capture (or import) of third-party fees
Enables correct revenue recognition
Integrates with Microsoft Project
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