Contractor Risk

Introducing contractors into your business is inherently risky: are they adhering to the spirit and the letter of your agreements? Contractor risk management takes into consideration the entire relationship life-cycle including capability assessment, pre-qualification, and the ongoing quality and performance monitoring. Liability and brand equity impacts, even at arm’s length are still exceedingly painful.

Does your risk management framework address Contractor risk with the same rigour as internally owned and managed risks?

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To Succeed:

Centralised management solution starts the pre-qualification stage where risks are assessed and treated independently, prior to contract award.

Regular inspections and verifications throughout on-boarding and bedding down phases ensure that expectations are matched to process requirements.

Action repository provides continuing emphasis on corrective and preventative improvements in line with company expectations.

Continuing verifications and audits, including inductions, ensure that all contractor employees remain aware of company standards and priorities.

Shared KPIs highlight on-going progress as well as target improvement areas.

What Good Looks Like:

Reduced barriers and friction in collaboration is a key but manageable problem, with the right systems in place.

Real-time sharing of risk and control assurance outcomes demonstrates an on-going focus on expectations.

Contractors and their employees manage verifications with self-serve access to a centralised system within a secure sandbox.

Top-down analytics provides management with the real costs associated with Contractor engagement.

Contractor best-practice learnings from other customer sites can be identified and adopted.

Call Us Now: +61 1800 568 974. One of our experts will help you create a solution to meet your EHS and compliance needs.

Call Us Now: +61 1800 568 974. One of our experts will help you create a solution to meet your EHS and compliance needs.