Easily procure, assign, collect and process subcontractor labor
The relationship between prime contractors and subcontractors is a driving force that keeps the government contracting industry moving forward. Deltek Costpoint Subcontractor Management is a procurement solution designed to help prime contractors procure, assign, collect and process subcontractor labor. Work assignments allow the Prime contractor to specify when a subcontractor can enter time (now or in the future), which project tasks they may charge, how long they can charge against those tasks and how much they can charge. This gives project managers greater visibility into and control of subcontractor costs for better budget management and project performance.
Subcontractors can enter their time directly into the prime’s instance of Deltek Costpoint Time Collection, which is fully integrated with Costpoint’s financial and project accounting solutions to easily generate subcontractor invoices, which once approved will automatically become a purchase order voucher. With flexible approvals and configurable business rules, Costpoint Subcontractor Management makes it easier to acquire and process subcontractor labor so that both parties get paid faster, improve cash flow and communicate more effectively.
Create and manage subcontractor agreements, including SOW’s
Track skills, security clearances and training
Assign work to subcontractors now or in the future