eresource Nfra Subcontractor Management

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eresource Nfra Subcontractor Management
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A subcontractor works with the with the main
contractor to supply or fix any materials or
goods or execute work forming part of the main
contract. Essentially this contractor is employed
by the main contractor.Generally a company have
many sub-contractors to complete its some
specific jobs, which only a sub-contractor
specializes in. Subcontractor may also Supply
Material Or May Only render services or in some
cases, Subcontractor supplies Material and also
renderes services. The work order to
Subcontractor is issued based on the nature of
workTo select a sub-contractor for hiring is a
very important aspects like, the cost which the
sub-contractor is charging, does they have
efficient work force and what time they will take
to complete the work.NFRAs subcontract module
brings this process to a very easier level to
carry out.
Subcontract
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Work order
The subcontracting process starts from issuing
the work order to Subcontractor. The work order
can only be issued to Evaluated Sub contractor.
The work order stores the item for which the sub
contractor has to be hired along with the details
of sub contractor. It also stores the charges
for the item, which can be in the form of
percentage or a lump sump amount.
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Estimating subcontractor
This part of the module helps you in estimating
different sub contractors on the basis of their
prices for the services, labour charges and
quantity. One can easily enter the fix only,
supply and fix, lump sum pricing.
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Hiring subcontractor
On the basis of estimation done for the sub
contractors, user hire the most economical in
addition to the most efficient for the job. The
data for rest of the contactors is saved for
future reference along with the pricing of the
hired contractor.
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Subcontractor invoice
Subcontractor would furnish invoice to the Main
contractor/company based on the nature of work
agreed in the work-order. The invoice can be
either Supply Invoice, Service Invoice or
Milestone Invoice. In anywhich case, the invoices
issued by the Subcontractor, as per the Industry
Best Practice is Certified by the Main contractor.
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Subcontractors Invoice (Supply invoice/ service
invoice / milestone invoice
As most of the projects in contracting companies
run for a long time and the contractor may want
installments of payment after completion of
certain stages or activity.
Milestone lnvoice segment of NFRA caters to this
need of contractor and based on the percent of
completion and after deduction of the prior bills
a contractor can generate the RA or milestone
bill.
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Conclusion
One of the most hectic but of great importance
work is to hire a subcontractor but with NFRA in
place this can be done without going through any
cumbersome process and with proper care owing to
the importance of the process. jhttp//www.ereso
urceerp.com http//nfra.eresourceerp.com