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.
2. 2
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 work
To 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.
NFRA’s subcontract module brings this process to a very easier
level to carry out.
Subcontract
3. 3
Work order
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.
The subcontracting process starts from issuing the work order to Subcontractor. The
work order can only be issued to Evaluated Sub contractor.
4. 4
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.
5. 5
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.
6. 6
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.
7. 7
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.
8. 8
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.
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