Frequently asked questions
1. Contact contract-central
The initial conversation is used to determine the timeline. The communications plan will drive all of the other timeline elements.
2. Gather Data.
Current contractor and vendor data is loaded into the system and is used as the baseline for program launch. Defining current process and internal requirements are a component of this step.
3. Communicate and Train
This clear and well-defined communication to internal managers, contractors and vendors puts the program in motion. There are a variety of training options (both live and web based) that are used to deliver the new program.
4. "Go Live"
The initial goal is to implement a non-intrusive program to provide visibility and standard processes. It is not complicated even in the most complex environments.
5. On-Going Program Improvement
After the initial normalization period, best practices and program efficiencies rule the day. It is nearly impossible to simultaneously normalize and fine-tune a program in the same step.
From start to finish, this process takes less than 60 days... Let us show you how... Give us a call.
contract-central design makes it cost effective for any size company. In addition to no minimum requirements, there are no implementation or training fees. We can have you up and running within a couple of days. Vendor competitiveness will immediately contribute to lower rates.
Yes – Although most of our clients utilize our Managed Services offering, contract-central can be managed by client personnel. The key item in the decision to internally manage the program is if the client has existing staff in place.
Our programs reduce your spend even when including personnel to manage the program.
No – contract-central is a web-based application that only requires an internet browser for access. No software or any other system requirements are necessary.
Yes – Most of our clients have valued relationships with vendors who understand their business and provide great candidates. During the implementation process, we will analyze your vendor pool to identify any gaps you may have and suggest options.
On an on-going basis, your vendors will be reviewed in areas including responsiveness, competitiveness, quality and performance. contract-central gathers a variety of metrics used in this review which allows you to adjust your suppliers to meet your specific needs.
contract-central’s fee is a component of the bill rate which means there are no fees to the client for the services.
There are no implementation fees for contract-central.
There are no additional fees for a typical implementation. Webinars and webcasts are routinely available at no additional cost to our clients.
On-site training and system enhancements may be subject to additional fees upon mutual agreement.
That is a reasonable conclusion but has never been proven to be the case. Market rate normalization and vendor competitiveness always results in lower overall rates. The overall savings across our clients programs have validated a 12% -15% reduction to the bottom line expenditure.
Clients without a formal management program will see an immediate savings of 12 – 15%. This savings is based on actual client experiences. The most significant area of savings is in the area of “Maverick” spend which is defined as spend in excess of current market rates. For example, if the market rate for a specific skill set is $65/hr. then all engagements of that skills set should be paid $65/hr. Without immediate visibility into your market rates, it is a certainty that you are paying higher rates.
contract-central’s key strength is visibility into all aspects of you contingent labor spend. Whether you manage the program or you take advantage of our Managed Services Program, you will immediately realize control, visibility and savings.
Due to the system flexibility and ease of implementation and configuration, contract-central supports all sizes of companies, types of jobs and geographically disbursed corporations.
Clients can also configure their supplier base to focus on certain job classifications and geographies to maximize participation. This flexibility makes contract-central economical for requirements of any type.
contract-central controls and engages vendors by the skill sets they supply and the geographies they cover. This means that hiring managers at every location can have their own set of suppliers.
While each location will have vendors who specialize in that location’s criteria, the client benefits in a centralized contracts management and rate stabilization program. Across the board, this increases productivity, reduces spend and minimizes risk.
Yes – contract-central is used globally in a wide variety of time based as well as fixed bid / project based engagements. This gives our clients maximum flexibility and unlimited growth options.
Yes – Fixed bid or project based engagements are controlled by milestones rather than time. In these cases, the client is paying the vendor based on the completion of a segment of a project or a unit of time. In all cases, the payment is independent of the number of hours worked or the number of resources required to complete the milestone.
Corporate risk can be categorized in a number of areas and all can present a significant impact to a corporation’s viability. A few examples are:
1. Contractor Classification – Contractors will at times attempt to classify themselves as a corporation. Without proper state and federal documentation, misclassification will result in client fines and penalties.
2. Certificates – Certificates, like insurance, expire and need the continuous monitoring that is provided in contract-central.
3. Certifications – Minority, disabled and/or veteran owned suppliers are annually certified and centraled in contract-central.
4. Co-Employment – Controlling and maintaining a proper client / contractor relationship is key to minimizing co-employment risks.
5. Non-Employment Agreements - These specific agreements define the client / contractor relationship and are stored in contract-central.
6. Length of Stay - One key element that defines co-employment is length of stay which is controlled and reported through contract-central.