Contractors are unique among commercial businesses; they don’t offer a product or service but instead work on a diverse range of projects over time.
Due to the progressive nature of each project, many payments are sent and received at different stages. Accordingly, the project manager’s primary goal is to monitor the project’s financial status.
Dealing with construction materials suppliers is another critical aspect of the contracting sector. Due to the difficulties of keeping and distorting goods, as well as the expense of transportation, there are no warehouses, and construction supplies are often delivered on demand, just when they are needed.
Orchida Contracting System
Working side-by-side with you from the start of the project study all the way through to its completion
The first stage: Project Study
Step 1: Bills of Quantities
- Bills of Quantities are used in the contracting process to categorize and allocate construction items across the different stages of a project. As a result, it follows the distribution of project summaries.
- The system estimates the expected project budget based on information entered into the system in advance (for example, iron and cement quantities per cubic meter of reinforced concrete, etc.).
Step 2: Developing a budget plan and cost estimate for the project
- Calculating the cost of direct materials and wages
- Finalizing the remaining indirect and discretionary costs
The second stage: Decision-making and bid submission
- Submission of offers and completion of contracts
- Enter technical specifications (Technical Offer)
- Financial offer
- Contract issuance
The third stage: Implementation and follow up
- Step-by-step actions entering
- Supply the project materials
- Delivery and subcontractors’ extracts
- Advance payments
- Shareholder payments
- Other expenses
- Project follow-up
- Project completion rates (based on bills of quantities and their deliverables through extracts)
- Track the raw materials used on each project item, compare them to the standard amounts, and spot deviations by comparing the estimated project budget to the actual project budget.
Fourth stage: Project Closure
- Closing introductory accounts
- Calculating and distributing the final profit amount
- Based on the bill of quantities, calculating the cost of direct materials and wages and finalizing the remaining indirect and discretionary costs
Features of the contracting program:
- A statement of account for each project, including costs and phases completion
- Sending materials directly to the site and confirming them to the project account without the need to enter or leave warehouses
- Receiving materials in warehouses and disbursing them on projects later
- Issuing the project expenditure tree in the same format as the chart of accounts. Without the need to repeat the definition under each project in the chart of accounts
- Issuing temporary and final customer billings
- Issuing temporary and final subcontractors' billings
Beneficiary commercial activities
- Contracting companies
- Subcontractors
- Decorating and repairing businesses
Devices and accessories:
- Printer