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Description
Streamlining adherence to contractual commitments while integrating all decision-makers safeguards significant CAPEX investments, enhances performance, and boosts profitability throughout the asset lifecycle. AVEVA Contract Risk Management is tailored to address the specific demands of Prime Contractors and Owner Operators engaged in the execution of industrial capital projects. This solution facilitates superior decision-making, safeguards financial investments, aligns teams, and increases the profitability of crucial capital investments. Given that capital projects are often fraught with risks, the comprehensive features of Contract Risk Management—including best-practice protocols, claims management, and a proactive alert system—promote heightened efficiency and total project transparency, ensuring constant reassurance. Moreover, users can initiate change requests through preapproved templates, while customizable workflows streamline the routing of these requests to the appropriate parties for assessment and approval. Effectively recognizing the implications of unforeseen changes allows for adequate evaluation time, ultimately contributing to more informed and strategic project management decisions. This proactive approach not only mitigates risks but also fosters a culture of accountability among all stakeholders.
Description
Contriqo, developed by Perfomir, is an innovative platform that leverages AI technology for the evaluation of contracts and the assessment of contractual risks, specifically tailored for teams involved in construction and infrastructure projects.
This solution assists various stakeholders, including commercial, project, contract, legal, risk management, and executive teams, in meticulously reviewing contract documents to identify risks at the clause level, comprehend notice obligations, and uncover potential pathways for claims before they become problematic during project execution.
Contriqo offers capabilities for both pre-award contract assessments and ongoing risk management during the delivery phase. Users can seamlessly upload contracts, obtain organized insights about risks, assess key obligations, track contractual happenings, and utilize executive dashboards that emphasize high-priority risks, themes of commercial exposure, and critical issues that need addressing.
The platform is especially beneficial for professionals such as construction contractors, infrastructure asset owners, consultants, project directors, commercial managers, contract managers, and teams focused on legal and risk management, making it an essential tool in their operational arsenal.
By integrating this technology into their workflows, organizations can enhance their decision-making processes and ultimately improve project outcomes.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
AVEVA Enterprise Resource Management
AVEVA Unified Project Execution
Integrations
AVEVA Enterprise Resource Management
AVEVA Unified Project Execution
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$1,490/year
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
AVEVA
Founded
1967
Country
United Kingdom
Website
www.aveva.com/en/products/contract-risk-management/
Vendor Details
Company Name
Perfomir
Founded
2024
Country
Australia
Website
perfomir.com.au
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management
Product Features
Alternatives
Alternatives
No Alternatives