AVEVA ProCon: CAPEX Contract Risk Management
ProCon is a capital project contract risk management solution that automates compliance with contractual obligation and connects all decision makers to protect major CAPEX investment, drive performance and improve profitability across the asset lifecycle.
AVEVA ProCon: CAPEX Contract Risk Management
Connecting Contracting to CAPEX Success
AVEVA ProCon was specifically designed to meet the needs of Prime Contractors and Owner Operators involved in industrial capital project execution. It drives better decision making, protects capital investment, aligns teams, and improves profitability of your most important capital investments.
Capital projects are historically risk-ridden, but ProCon’s built-in best-practice, claims management and attentive alert system enables greater efficiency and full project transparency, providing peace of mind, at all times.
Beyond Contract Management…
Achieve True Contractual Risk Management
Effective Change Control
All change orders are initiated from within AVEVA ProCon using preapproved templates. Configurable workflows manage the routing of change requests to the designated parties for review and authorisation. Identifying the impacts of unplanned change effectively allows time for scrutiny to help mitigate the associated risk of cost and schedule overage and potential claims.
Enhanced Financial Control
Early warning indicators help project management to direct their attention to the most critical situations, reducing unplanned cost overruns. Automatic line-item reconciliation prevents erroneous payments and reduces the number of contract administrators needed to process Applications for Payment.
Improved Contract Delivery
Using one central system encourages on-time and on-budget construction contract delivery as all contractor interactions and issues are dealt with efficiently and full transparency of the impacts due to scope changes provides the opportunity for more effective decision making.
Best Practice Governance
AVEVA ProCon promotes transparency by aligning remote project teams with approved business processes to make contract award and execution even easier.
Mitigate Contractor Claims
Alerts and reminders lower the risk of missing contractual obligations, helping to avoid claims. If one does arise, easily access all correspondence for excellent claims defence.
For Project Managers, delivering the project against plan is the main priority. ProCon helps to reduce wasted efforts with regards to change management, align project teams, enforce best practice and enable a complete audit trail to reduce the risk of costly claims and disputes and, ultimately, drive successful project outcomes.
Contract managers provide commercial oversight for transactions between the parties associated with CAPEX project execution. ProCon enforces the terms of the contract, automates change management, and ensures Contract Managers have full visibility of the project’s progress as it stands against the project, at all times.
Powerful Contracts, Proven Outcomes
AVEVA ProCon was specifically designed to meet the needs of Prime Contractors and Owner Operators involved in industrial capital project execution. Available on-premise, on the cloud or as a mix of both, put ProCon to work to reduce risk and improve profitability on your next CAPEX project.
Sakhalin Energy streamlined their contracting and procurement with greater transparency. Learn how they went from “good to great” at the link below.
Integrated Solutions Enable Complete CAPEX Project Control
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Enable efficient planning and execution of all resources at every stage of construction of a complex, intensive asset.
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Redefine Industrial Contracts
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