CCS Scaffolding had a number of different contracts amounting to several hundred thousand pounds providing scaffold solutions for different aspects of a major project in London. New requirements were constantly being added and the company was starting work on different contracts before the paperwork was completed.
As a result payments were often being made several months late or not at all, compromising the company’s cash flow. They asked ProQS to take on their contract administration and to ensure cost management and invoicing processes were properly in place and being managed efficiently.
ProQS reviewed existing contracts and schedules and ensured that work being undertaken outside existing contracts was the subject of a retrospective contract. They ensured work was being fully costed and instigated financial processes to ensure payments were being made on time.
The outcome was a clear process for managing contracts, stabilising CCS’s administration and financial management and achieving a positive cash flow for the business.
In addition, ProQS started undertaking contract reviews for new projects and tenders, risk managing potential problems and ensuring contracts were fair, costed correctly and achievable within agreed timeframes.
Kieron Waites, ProQS Managing Director says:
“It’s not uncommon in the construction industry for contractors to start work ahead of paperwork completion, but this can go horribly wrong.
“As a professional quantity surveying practice, we provide our clients with the reassurance that their administrative, financial and legal processes are watertight and their costs are being managed, saving them both time and money.”
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- Achieving a positive cash flow for the client
- Streamlining and formalising administrative, financial and legal processes
- Ensuring contracts were fair and reasonable, properly costed and deliverable within time and resource constraints
- Ensuring all work carried out was subject to contract, invoiced and paid
“We brought in Kieron from ProQS because of his expertise in preparing formal NEC Construction and Engineering contracts, but he has really helped us to turn things around from a position where we were in debt. We work on multi-million-pound contracts and he has ensured we have proper contract processes in place, helping us to get the cash flowing again. It’s completely changed our outlook on the commercial side.”
Gary Coote, Director and founder of CCS Scaffolding