Wrench Solutions - Project Management Information System
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CONTRACT MANAGEMENT​

Enhance monitoring of contract life cycles using electronic workflows, e-signatures, notifications and digitized correspondence. Upload and store project data in a structured manner using smart folders.

Contract Documents​
Request For Information (RFI)​
Licenses and Approvals
E-Signatures
Document Comparison
Handover and closeout

Cost Management capabilities

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Monitor the cost performance of the project by analyzing the budget, commitment and actual spend data by integrating with ERP systems. Generate Realtime Earned Value Cost curves and dashboard for stakeholders to take proactive actions to eliminate cost overrun.

“We are finding the following features of WRENCH SmartProject extremely useful: Workflow Process, Flexible Folder structure, Revision & Version Control, QMS enforcement.”

V.P. Shenoy Head of Engineering, Godrej

Client
Quality Assurance
5 %
Payment Realization
90 %

*Based on customer feedback

Quicker Billing Clearance
2 x

Contract Documents​

Use Smart folders to categorize and list contract drawings and documents. Track Release Dates Electronic workflows provide real-time status of drawing review/approval .

Request For Information (RFI)​

Set default dates of RFI responses with notifications in case of delay. Directly capture response ageing.

Licenses and Approvals​

Initiate workflows for issuing licenses to automatically track progress and avoid delays. Track validity of insurance policies and send renewal notifications when necessary.

E-Signatures​

E-Signatures are used for signing contracts. QR codes are used for approved drawings.

Comparison of documents​

Version control is provided for review of contracts by various departments like finance, legal, etc. Document Comparison eases tracking of contract negotiations

Hand Over and Closeout​

Upload and store contract documents with all amendments. Track DLPs, reminder for release of retention for document handovers, As-Builts.

Technical Hand Over and Closeout​

Generation of snag list with photos attached to the snags.

Upload of technical handing over documents – As-built.

Records of the demos and trainings conducted, assets handed over to maintenance team as part of project closure.

Snagging and Closeout

Complete cost control toolkit

Minimize cost overruns with a powerful cost control toolkit.

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Contract Management Features​

Electronic workflows
Ensure compliance
Realtime project status
Tracking validity of statutory approvals
Notification management
Electronic signatures
Smart folders for categorizing documents
Coordination of permits and licenses

Additional Resources

Resource

Case Study

L&T Construction - MMH is India's leading turnkey EPC solution provider of metallurgical projects.

Read More
Resource

White Paper

Thought Leadership: Post-Pandemic Workforce Transformation Potential in the Engineering Consulting Industry

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Resource

Blog

Why can’t the technology alone stop construction project delays: The importance of Project Monitoring in the EPC industry

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Additional Resources

Resource

Case Study: Cushman & Wakefield

The case shares how Cushman & Wakefield used SmartProject to manage all their project management activities from pursuit to closeout.

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Resource

Case Study: Reliance Industries

The case explores how Reliance used SmartProject as an end-to-end fully integrated project performance monitoring system.

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Resource

BLOG : Major Steps of Project Budgeting

The post explores how appropriate estimation methods that suits best for the project and phase will help improve the accuracy of project budgets.

Read More

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