Industry
ERP for Contracting & Construction
Contracting margin is decided by whether the cost position is known while the project is running. The difficulty is that commitments, subcontractor valuations, labour and variations arrive from different places at different times.
What we hear
The problems that bring people here
Cost position is retrospective
The real cost of a project is known weeks after the period it relates to.
Commitments invisible
Purchase commitments are not counted until the invoice arrives, so the budget looks healthier than it is.
Variations lost
Change orders are agreed on site and not always billed.
Retention forgotten
Retention held and due is tracked outside the accounts.
The approach
How the system handles them
Budget by phase and cost code
A structure that matches how the project is actually run and measured.
Committed cost counted at order
A purchase order reduces the remaining budget immediately.
Variations as records
Change orders are raised against the contract and billed with it.
Retention on the valuation
Retention is calculated and tracked as part of each application.
What the day-to-day looks like
The sequences that change most when the work moves onto one system.
Tender to final account
- Budget loaded by phase and cost code
- Commitments raised as purchase orders and subcontract packages
- Progress measured and applications raised
- Variations agreed, recorded and billed
- Final account reconciled against the original budget
Subcontractor valuation
- Package agreed with rates and retention terms
- Work valued for the period
- Retention withheld and tracked
- Payment released against the valuation
Products for this sector
Modules that typically carry the load — from the product catalog, not duplicated here.
Solutions that fit
Start from the business problem if a module name is not how you think.
What changes for a contracting & construction business
- A cost position that is current rather than reconstructed
- Committed cost visible at order, not at invoice
- Variations billed because they were recorded
- Retention held and due, tracked in the accounts
Common questions
See how BPS supports contracting & construction
A working session on a process that is painful today — not a slide deck. Bring the documents you actually use.