Local, state, and federal government in Australia and New Zealand are challenged to do more with less as citizens expect them to run existing services and facilities efficiently, respond to a seemingly endless cycle of natural disasters, and maintain aging infrastructure all while managing portfolios of complex, multiyear capital projects.
Due to such a wide remit, government organisations engage with a wide variety of contractors across the lifecycle of their capital projects and facilities management. The contracts for these services can range from transactional and relatively low risk to billion-dollar investments with significant milestone payments and many stakeholders, including their ultimate customers—Australian and New Zealand citizens.
Good contract management is an essential component to assure efficient, ongoing delivery of services and can be distilled to the following elements:
In the complex mix of public-private partnerships required to deliver large capital programs and then operate those assets, duplicate efforts can plague back-office operations. Administrative teams across stakeholder organisations typically use their own ERP or accounting processes to manage the associated contracts, invoicing paperwork, and variation payments.
But such processes often lead to disconnected teams and siloed information, which can create unnecessary manual effort and introduce errors while increasing risk. These include:
As a cloud-based collaborative automated payment management platform, Oracle Textura Payment Management builds efficiency while reducing risk for all parties and can be the centrepiece of government-led projects contract management strategy. Government organisations and head contractors easily manage claims, variations and payments to their subcontractors and facilities services providers while adhering to security of payments and construction contracts acts. Oracle Textura provides:
Our dedicated Australia and New Zealand client services teams will implement Oracle Textura and can set up over a dozen integration points with your accounting system at no extra cost, automating or eliminating up to two-thirds of previously manual steps.
Maintenance of council facilities and assets is often managed by contractors engaged under ongoing procurement contracts or cyclical procurements (as opposed to a standalone contract for capital or infrastructure work). The use of open-ended purchase orders, open or rolling contracts, existing legacy contracts, and “set and forget” estimated budgets heightens the risk of corruption.
Procurements of this type can lead to mismanagement of contingency budgets and repeated use of contract variations. A marked corruption risk of continuous procurements is that they allow longstanding relationships to develop between staff and contractors, which can lead to a decline in supervision. Lapses in supervision also can occur when long-running contracts are managed by a succession of employees.
Oracle Textura provides transparency for all parties by greatly reducing these risks.
Government agencies already doing more with less will find that implementing Oracle Textura immediately boosts productivity, builds trust, and improves efficiency and transparency.
Partner organisations stretched thin get hours back in their day to focus on business and not waste time chasing billings and invoices.
Oracle Textura’s capabilities strengthen security, compliance, and electronic payments, and Oracle’s local customer service makes implementation simple and fast, assuring that things are working right while constantly checking in. That’s extremely helpful when introducing a new software solution.
The Oracle Smart Construction Platform combines our industry-trusted applications with a common data environment and an ecosystem of partners to help owners and delivery teams work together and continuously improve performance. The platform connects teams and data, synchronizes work, and empowers individuals to make informed, proactive decisions. Power performance with proven Oracle Construction and Engineering solutions for scheduling, portfolio management, construction project management, project controls, construction payment management, and more.
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