 Identifying
Opportunity
Wrap
Up Implementation
Administration
• Assigning Wrap Up Coverage
Enrollment
Processing
Insurance Credit
Calculations
Coverage Notification
• Monthly
Compliance Tracking
Contractor
Off-Site Certificate Compliance
Payroll Compliance
• Handling
the Finer Points
• Keeping
You Informed
Analysis and Reporting
Meetings & Integrated
Management
• Close
Outs
Conclusion
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Administration
> Keeping you informed
Information Management, Analysis and Reporting
Information on the performance of your wrap up is available
at varying levels of detail depending upon your needs. At
various stages of the Wrap Up, CR Solutions delivers:
Newsletters,
these aesthetically pleasing reports do more than just
look good. Sent monthly, these reports use easy to read
charts and graphs to provide an update on all aspects
of the wrap-up.
Compliance Reports paired with Deficiency
Notices are generated on a regular basis to keep
an eye on a variety of compliance issues most notably
payroll submissions and offsite certificate fulfillment.
Deficiency Notices are automatically generated and sent
directly to the noncompliant subcontractor. The GC and/or
owner are then notified of these noncompliant contractors
via the compliance reports.
Status Reports provide a more detailed
view of the program including values for individual contracts,
payroll, and insurance credits supporting the numbers
supplied in the Newsletter.
Executive Summaries provide a big picture
view of the program’s financial performance. This
report compares the total costs incurred by the sponsor
in providing the wrap-up to the cost avoidance achieved
by eliminating the subcontractors’ costs for this
coverage.
In addition to regularly scheduled reports, CR Solutions
provides Updates and Timely Communications
to all appropriate parties including, but not limited
to, updates on the status of new (sub) contractor enrollments,
notification of (sub) contractor issues and correspondence,
and response to requests. |
Additionally, CR-Insight’s
Client Reporting Website is available 24/7 to review
the performance of the wrap up.
Meetings and Integrated
Management
While reports are helpful, there is no substitute for being
able to discuss your wrap up directly with the individuals
administering it. Consequently, CRS schedules periodic meetings
based on your project’s needs.
Site Visits, typically
scheduled every 4-6 weeks, allow us the chance to get
together with the project management team to review administrative
procedures, discuss which subs have been enrolled and
which trades are coming up for award, address delinquent
subs and plan for closeouts.
Stewardship Meetings, ideally meeting
quarterly in conjunction with the Claims Review, are conducted
by the broker and carrier. The program sponsor is the
primary audience for this meeting where the goal is to
present the financial performance of the program to date.
Conference Calls & Web Conferencing
are used to address any issues that may arise between
site visits. Conference calls and/or web conferences can
be set up at anytime by the project as necessary. |
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