Realx ERP gives you complete control of the construction progress and enables you to manage every aspect of the project, simplifying the complexities of decision making.
The Realx ERP contract management module helps create the budget and track the cost against the budget.
To setup, define a project, create project structure, create work breakdown structure (WBS) with jobs & activities, rate analysis for material, labour & machinery.
Quantity is estimated with respect to the BOQ quantity of the drawing file.
As soon as the estimation is approved, Realx ERP saves the Zero Cost (Initial) Budget using estimated quantity and RA rate.
Zero cost budget helps analyze cost variation at a later stage.
The Realx ERP system allows you to amend an estimation as the scope changes.
from competitive bidding
Realx ERP supports fully-integrated request for quote (RFQ) processing.
Choose contractor to send RFQ for estimated quantity.
On submission of request, mail will be sent automatically to all selected contractors.
Contractor responses can be entered into system either through manual processes or directly by the contractor via a secure contractor portal over the internet.
Once the contractor has been selected, work orders can be created directly from the RFQ.
measurement & RA billing
Accurate measurement and billing system is key to success.
Realx ERP helps the site engineer or supervisor to track the completion by Daily Progress Report (DPR).
Realx ERP has a comprehensive data capturing mechanism to create measurement of books (MB) based on the actual percentage of completion.
Measured quantity goes for billing process.
with appropriate Tax Compliance
Work Order Creation with Advance % or Lumpsum amount and Retention % or Lumpsum amount.
Advance Running Account (RA) Bill can be created after awarding the work order.
Measurement as Work order progress.
Partial Running Account (RA) Billing based on the measurement.
Manitening Current , Previous and Cumulative amount.
Managing Advance Recovery, Deduction (Refundable / Non-Refundable) and Retention from the billing and Retention Release in the subsequent bill.
Deduction Release for Refundable deduction
Recovery and Release after final billing.
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