Contract Financial Management

It is important to ensure that your actual spend is meeting that estimated through your contract price, to assure contract performance, profitability and customer satisfaction. Augustus Commercial can provide a range of finance management solutions to ensure you correctly capture your actuals, including tools to assist you in recording actual spend data to support future bids. We can provide the following services:

• Financial Modelling including cost models and pricing models.
• Conduct pricing audits to ensure Value for Money in accordance with best practice and contractual provisions.
• Financial analysis, including review of cost base and actual costs to identify value leakage and provide recommendation for cost optimisation.
• Develop financial positions for change proposals, and manage the approvals and governance process, ensuring prices are developed according to contract principles.
• Review financial performance of the overall contract in support of profit and loss reporting..
• Manage operational and third party spend, including conducting supplier performance management and price challenges.
• Review the pricing and financial treatment and contractual risks, including risk contingency and mitigation pricing.
• Model assumptions, dependencies, opportunities and exclusions and generate mitigation / implementation plans.
• Develop and implement supplier financial management policy and tools to support supplier performance management.
• Provide support to price audits or benchmarking activities.