- COR Processing Time Improvement: 80.7% reduction in processing time
- Annual Cost Savings: $190,313
- Decrease in Days Aging: 22 days
Challenges with T&M tags prior to using Extracker
Prior to using Extracker, Marinship used paper/carbon copy T&M Tags. Foremen completed the tags in the field, then transported them to the office where they were scanned and logged. Once the scope of work was complete, the extra work was priced in an excel spreadsheet and submitted to the client with supporting documentation. Challenges with this process included:
"As an LBE company, our reputation is vital. Extracker allows us to provide something that most of our larger competitors struggle with real-time cost impacts. We get more work because of this value-add."
Project Manager, Marinship Development Interest
Challenges with change orders prior to using Extracker
Prior to using Extracker, Change Orders weren't priced and submitted until weeks or months later, creating a lack of transparency about project financials. The process was very manual, involving Excel spreadsheets and compiled project documentation from various sources. When revisions were required, the entire package would need to be recreated. This resulted in the following challenges:
Results after using Extracker
Using Extracker to digitally process T&M Tags and Change Orders has saved Marinship both time and money. They've also improved client relationships by providing real-time cost impacts to their clients.
“We will never go back to paper T&M Tags after using Extracker.”
Extracker saves Marinship hours of time and thousands of dollars in administrative costs when processing Change Orders. Extracker enables the project administration team to spend less time tracking T&M Tags and creating Change Order Requests, which allows them to spend more time on running their projects smoothly.