Cost Validation

Oncore instantly calculates and validates cost inputs according to business or contractual rules and terms that are entered in the system. Double billings, rate overcharges and manual time and cost reconciliations are eliminated.

Oncore's costing features and capabilities include the capability to:

• Apply contract rates and unit costs to all project data, in accordance with contract terms
• Apply multiple rates to labor hours worked, according to User-defined business rules for:
• Base wage rates (for Contractor or Owner payroll)
• Cost rates (for job/project costing)
• Charge out rates (for Contractor billing or Owner reverse invoicing)
• Automatically recalculate and apply new rates as a result of rate changes made on the basis of contract agreements or other reasons during or after completion of a work item, activity or project.
• Uses an intuitive Excel style data entry and maintenance display for rate management.
• Easily add new effective dates and rates to existing rate tables, which will automatically take effect on the specified dates.
• Apply one or more rate tables to Work Packages at any level of the Project WBS.
• Maintain a complete audit trail of all additions and revisions to project rates.

Industry research consistently shows field tickets can contain up to 25% errors - 10% of which have significant cost impact.

Oncore'sTM work tickets, costing, and approval process can reduce the error rate to almost ZERO. We are the translator between project and accounting world.