Engineering, Architecture, Surveying, Real Estate & Construction
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.)
Sector challenges
Project overrun
Failure to recover expenses and third-party fees
Incorrect revenue recognition
Staff planning challenges
Over-valuation of work-in-progress
systems@work benefits
Enables analysis of actuals against budget
Can handle multiple project types: fixed price, time and material, etc.
Enables capture of fee estimates and current % completion from project manager (retained for historical analysis)
Enables correct revenue recognition
Enables analysis by sector, client, grade, role, project, location, etc.
Can combine (or separate) expense rebilling with time-based invoices
Enables capture (or import) of third-party fees
Integrates with Microsoft Project
Customers
