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AboutCONSTRUCTION PROJECT PROCUREMENT
Finally, A Procurement Solution for Engineering & Construction
- The Only Unified Project Procurement Solution
4castplus is the only all-in-one project procurement solution built to meet the unique demands of industrial construction projects. With its powerful features, 3-way match, and intelligent workflows, your teams will streamline purchasing, bidding, expediting, receiving and invoicing; giving you enhanced visibility and control every step of the way.
"We Needed A Robust Project Procurement System"
“That additionally provides solid project controls and costing capabilities. 4castplus has truly delivered. “
Scovan Engineering
Procurement software that integrates
right into your projects
Construction purchasing, subcontracting and vendor bid management
- Purchase orders for materials and equipment procurement
- Subcontracts based on fixed price, unit price, time and materials
- Easily setup cash flow plans, contract terms and milestones
The 4castplus RFQ system provides a smart and organized solution for purchasers to manage the documents, communication and evaluation involved with tendering vendor bids. 4castplus has a built-in RFQ vendor portal for centralized and collaborative management of vendor bids, and awarding an RFQ can be done with the click of a button. Clever and simple.
- Prepare and issue RFQs in minutes
- Manage the bidding process using the vendor portal
- Collaboratively evaluate bids and award to PO
Real-time visibility into receiving, expediting and accruals
Accruals
Logistics
Accruals
4castplus procurement receiving is an easy way to receive goods or enter work progress as it is completed. No more waiting for the vendor invoice to see the true cost to a project. Items are received against purchase order commitments to ensure strict controls on what and how much is received.
- Project accruals and incurred costs are recognized on receipt
- Receive by quantity, progress, milestone or amount
- Receive at the jobsite, warehouse or office
- Record OS&D, location stored and overages
Logistics
Expediting equipment and materials is a vital part of project procurement. For long-lead items that need careful oversight to ensure timely delivery, the robust tracking, recording and reporting of the 4castplus expediting system provides the complete solution.
- Fully integrated expediting for long-lead procurement
- Configurable expediting milestones for any procurement item
- Monitor critical path delivery notifications, shipping and receiving dates
Procurement reports, dashboards and productivity metrics
- User-customizable procurement reports and charts
- Summary and detail reports on commitments, costs, invoices and cash flow
- Arrival-at-site and expediting reports
4castplus enables you to measure planned versus actual subcontractor performance and provides real-time indicators of potential productivity issues. It also gives you access to historical records of performance on all hired subcontractors, so that you can establish benchmarks for expected performance and compare subcontractors to each other on key metrics.
- Auto-calculation of cost-per-hour, cost-per-unit, hours-per-unit, PF and more
- Historical benchmark reporting for each vendor on productivity and pricing
- Set vendor targets and compare against actual
Additional key features
Approvals
workflows
Purchase Order
Change Revisions
Multi-currency
Support
Vendor Productivity
Reporting
Budget
Controls
Electronic
Signatures
Approval
workflows
Purchase Order Change Revisions
Multi-currency Support
Vendor Productivity Reporting
Budget
Controls
Electronic
Signatures
Global Leaders in Construction Procurement Software
Procurement plays a crucial role in any construction project. There can be large volumes of materials, labor services and equipment that all need to be contracted and successfully delivered to multiple job sites and warehouses on a specific schedule. The 4castplus procurement management system is natively integrated into the project to deliver efficiency, visibility and an abundance of reporting on real-time costs, deliverables and contractor productivity.