Most construction contractors recognize the benefits of doing business with government related agencies. Yet many contractors continue to miss favorable project opportunities. Some such misses are due to inadequacy for the job. Over pricing also presents a major obstacle. However, one easily correctable primary cause for failed government-related contract bids directly links to ignoring the importance of an adequate compliance framework.
Although government contract accounting still revolves around Generally Accepted Accounting Principles (GAAP), the emphasis also now centers on safety-oriented compliances. It’s a process wherein the contractor’s systems and the contractor’s associated internal safety and quality control methods merge into a co-jointed real-time, traceable and reliable labor, asset and material compliance program.
To prove successful compliance performance and reap success in government-related contract bidding, contractors must have a reliable means for:
Compliance with government-related accounting, safety and labor management requirements is not an impossible undertaking. Neither is it a simple task. Contractors that seek to mix commercial work with government-related contracts should expect a greater measure of associated complexities.
Even when contractor compliance successfully satisfies all necessary safety, QC and accounting processes, compliance yet remains incomplete. To evaluate contractor compliance performance, auditors must also have access to a reliable documentation system of established compliance policies, practices and responsibilities.
Successful compliance can be a difficult process. Here are just a few ways that the right construction operations management software can help contractors with compliances:
Assignar workforce and asset allocation and planning software helps contractors with compliance and more. The primary Assignar toolkit includes resources for:
Tracking and reporting safety incidents
Alerting workers on safety proceduresLearn more about Assignar Compliance Management here.