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?

Meercat RiskView Contractor Risk Functionality - Align all parties to best-practice

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.

To read more on this topic take a look at:

Risk & Insurance Magazine Article: 11 Critical Risks Facing the Construction Industry

Workers and employers in the construction industry continue to face numerous emerging risks and challenges.

From slips and falls and weather-related business interruption to fires and stolen equipment, construction sites will face innumerable risks every day. As a complex sector for insurance professionals to insure, the industry will need to prepare for these growing and emerging risks. Read More

Benefits

Meercat RiskView Benefit Ease of Use

Ease of Use

With Meercat Riskview training is made simple and the software is intuitive – it’s easy to use for anyone. You can automate tasks so nothing falls through the cracks. Best of all you can save time and money with our user-friendly software.

Meercat RiskView Software Benefit Drive Standardisation

Drive Standardisation

Eliminate human errors by customising your own templates in our software that will integrate seamlessly with your current systems. This minimises variation across all aspects of your risk assessment and control verification processes.

Meercat RiskView Software Benefit Accelerate Risk Management Maturity

Accelerate Risk Management Maturity

Maximize your business success with risk-informed strategic decision making.

Meercat RiskView Software Benefit Single View of Risks and Controls

Single View of Risks and Controls

Eliminate spreadsheets and versioning headaches with our software. We help you control and watch any potential risks at a glance. Dissolve risk silos by bringing together risks from across your business in a single easy to understand view.

Meercat RiskView Software Benefit Line of Sight

Line of Sight

Configure your own dashboards to monitor your risk and assurance position live. Drill down to the required level of detail. Export reports to manage your regulatory audit or business assurance needs.

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