We know how important it is that you receive expert commercial, contractual, and financial support for your capital operational spending that is not only dependable, but that can also track both the cost of elements and cash flow. Utilizing benchmark cost data, Charles River is uniquely able to effectively support the development of large project capital funding.
Core procurement strategies are based on forecasted spending two to three years out and encompass master agreements or pricing schedules for high-volume or high-risk items such as utility equipment, commodity materials (furniture, flooring, carpet), services (construction management, design, consulting, commissioning), and facilities maintenance (energy consulting, cafeteria, custodial, service contracts).
Once the projects are approved, we provide tools that can track the cost elements and cash flow, including capital expenditure to forecast, forecast to actual, and cash flow by month. These tools are critical to ensuring committed amounts are maintained as well as overall project financial health. Quarterly and year-end reporting, in addition to budgeting, are byproducts of the tracking tools.
In addition, our staff is comprised of purchasing controls professionals experienced in the construction and facilities arena who will dedicate themselves to ensuring that your capital operational spending is professionally managed.
We offer the following services:
Procurement cycle
- Bidder prequalification and Request for Proposal development and management
- Bid tabulation and business case
- Negotiations (commercial and contractual) and award
Major contracts administration
- Procurement development
- Invoice review and reconciliation
- Legal interface and claims review
Project controls
- Capital expenditure development and tracking
- Quarterly, year-end, and future budgeting
For more information, please contact us at 1.877.CRIVER.1 or askcharlesriver@crl.com.