Construction procurement management is absolutely critical to the success of a project and a lack of information in this area can lead to poor decision-making which, in turn, can result in projects being delivered late, over-budget, or to a lower standard. In addition, common procurement issues such as billing errors, changes to requirements, and risk mitigation (including managing supplier contracts, reducing maverick spend, and dealing with compliance issues) are an added concern as managers track and control procurement spend. Proper procurement is pivotal to the progress of any project and in BuildSmart’s construction Procurement module, you have a work-flow based system that shows real-time order status and inventory availability. The powerful reporting tools, which display all the procurement details, are the foundation of sound decisions and as the system is fully integrated with other BuildSmart modules, it provides strict control of procurement processes, to manage the complete requisition (eRFQ) – purchase order – delivery – invoice reconciliation – payment cycle.
BuildSmart procurement is seamlessly integrated with Candy, working directly with Candy resource budgets against which requisitions are generated. BuildSmart returns accrued and actual cost information to Candy to provide real-time comparison to enable management to take timely action as they can identify cost variances by activity and cost type.