With site|folio your contractual agreements are standardized. This means every contractor, consultant, and vendor clearly understands how to execute when partnering with your enterprise because transactions are approved and reviewed directly online without any duplication. All contracts, changes, payments and supporting correspondance are available in real-time, searchable and modeled after your requirements.
Contract Administration in action
How Contract Administration could work for you:
Each contract models your Schedule of Values, articulating original amounts, approved changes and balance to finish. This allows you to have time-saving visibiliy with no additional effort. When grouped with site|folio’s Capital Budgets edition
, contracts are aggregated and translated to align with your capital commiment budgets. Save time and ensure your numbers are accurate.
Instantly view the status of all contracts, changes, payments and correspondance within a single contract, across multiple contracts or even across multiple projects or regions - through logs and personalized lists.
Workflow auto-notifies when attention is required.
Add capital budgeting to blend departmental integration, estimating, execution and reporting.
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