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Subcontractor Management for Government Contractors
Easily procure, assign, collect and process subcontractor labor.
Overview
Get paid faster with automated and integrated subcontractor management from Costpoint. Reduce reconciliation efforts between prime contractors and subcontractors by automating labor and expense collection. When subcontractors securely enter their time directly into Costpoint within the established configurable charging rules, there is less data entry, fewer timesheet corrections and timely and accurate project billings. In one click, gain visibility into workloads and agreement funding.
Benefits
Faster Alignment
Align faster, communicate better and get the right subcontractors on your projects when you embed SOWs in your POs.
Streamline Labor Collection
Subcontractors securely enter time directly into Costpoint within the thresholds and controls you’ve established.
Simplify Compliance Support
Insert flow-down clauses into any of the subcontractor-type purchase orders. Built-in Schedule J report.
Features
Manage Subcontractors in a Single System
- Decrease data entry and eliminate manual processes with finance, projects, time and procurement integration
- Improve collaboration for better subcontractor utilization and reporting
Streamline Subcontractor Purchase Orders
- Create subcontractor-type POs and establish work assignments with labor and expense thresholds against those POs
- Consolidate PO and invoice communications and transactions with Costpoint Supplier Portal
Configurable Charging Rules
- Reduce labor corrections for quicker invoicing to get paid faster
- Flexible work assignment setup allows items that exceed charge lines to be excluded/included in the invoice
Simplify Managing Subcontractors
- Automate copying of applicable FAR clauses from prime contact and send to subcontract purchase order
- Consolidate vendor rating with contracts, using standard and user-defined fields for easy collaboration
Modern Subcontractor Project Management
- Subcontractors can self-answer PO and invoice status questions using the integrated Costpoint Supplier Portal
- Digital signature capabilities in the supplier portal accelerate cycle times and provide touchless document handling