EC&O – BUSINESS Business Benefit Due to OMNI. OMNI – Complete EC&O Solution What is EC&O stands for… Real Estate Developer Developer plus contractor Core.

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Presentation transcript:

EC&O – BUSINESS Business Benefit Due to OMNI

OMNI – Complete EC&O Solution What is EC&O stands for… Real Estate Developer Developer plus contractor Core construction EPC Specialised Equipment (project based manufacturing)

Real Estate – Developer High Level process Land Acquisition Customer Acquisition Feasibility of site and rough cut estimation Approval of various agencies and BOQ generation Tendering or Vendor / Subcontracting selection Project progress and profitability management Document management (drawing, contract…) P&L management Balance sheet and tax returns Maintenance of an assets Payroll and Human capital management Procurement and taxes as per Indian requirement

Real Estate – Developer & contractor High Level process Remain same as Developer Integrated Project management Equipment's management Integrated Supply chain management Asset accounting as per statutory requirement

Core construction High Level process Tendering and Estimation Project Estimation and Budgeting Project planning and approval Integrated supply chain management Equipment management Vendor / Subcontracting selection Project progress and profitability management Document management (drawing, contract…) P&L management Balance sheet and tax returns Payroll and Human capital management

EPC High Level process Tendering and Estimation Project Estimation and Budgeting Project planning and approval Integrated supply chain management Equipment management Vendor / Subcontracting selection Project progress and profitability management Document management (drawing, contract…) P&L management Balance sheet and tax returns Payroll and Human capital management

Challenges Observed Challenges How many land acquisition in various states and country Feasibility of construction and estimation Tracking and monitoring of various approval Accuracy of manual BOQ calculation and time Absence of Budget leads to exceed consumptions Vendor / Subcontracting progress and invoicing Project progress and activity level variance (plan to actual) Document management (drawing, contract…)version and revision Profitability tracking month after month against sale Wastage of material and resources against activity Project Issue management Customer invoicing and satisfaction

OMNI Benefits Assured benefits after successful Implementation 100% visibility of land acquisition across globe Realistic estimation for saleable area All approval before and ongoing 100% tracking 98 % accuracy through digital take off from drawing* 100% restriction on quantity overshoot due to budget control 3 to 5 % saving on vendor and subcontracting activities Integrated project management gives real time variance As design to As built document management proper version 100% profitability monitoring against estimated activities 95% control on Wastage of material and resources Timely closure of issues and saves 2% of project cost Timely invoicing maintain cash flow to improve profitability * Drawing needs to be created in specified formates

ROI - Assured Assured ROI Project Value = 50 crore Overhead cost = 4.5 crore Project Duration 18 months Assured return after successful OMNI Implementation Time reduction – 1 month Subcontracting efficiency – 10% improvement Indirect cost saving – 25L Material wastage saving – 60L Timely Invoice improves cash flow and reduce bank interest

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