Contora Controls Your Contract Spend Risk
Putting governance at the heart of your project outsourcing.
Taking the Stress Out of Project Outsourcing
If you’re spending hours each week wrangling documents, following up on out-of-date information, or managing multiple different aspects of complex Statements of Work, there is a better way.
Imagine never having to chase paperwork, follow up on changes to deliverables, or deal with static documents that don’t tell the full story of how supplier engagement has changed and evolved.
Welcome to our world of cost-controlled contracts (CCC)
Contora provides a centralised hub, giving you effective control, better change management, and end-to-end coverage, whether you are a PMO, finance or procurement specialist.
More than just a way to shift from static documents, Contora is infinitely scalable and flexible to your business needs. It supports off-payroll legislation and helps you track milestones, payments, and approvals of your projects in real-time.
TM&E or Fixed Price or Cost Controlled Contracts?
| Feature | Fixed Price | Time, Material & Expense | Cost Controlled Contracts (CCC) |
|---|---|---|---|
| Budget Predictability | Low; budget is fixed and agreed upon upfront but is directly impacted by any change deemed out of scope | Low; depends on time and materials used but spend can run out of control | High; managed budget control with pre-assigned expenses & contingency and managed pre-approval workflow |
| Flexibility in Scope | Low; changes lead to renegotiations and likely cost adjustments | Moderate; can adapt to changes but at the risk of increased or uncontrolled costs | High; allows for controlled scope variations with effective cost management |
| Cost Control | Moderate; subject to renegotiation if scope changes | Low; vulnerable to cost escalation due to lack of scope control | High; proactive spend management and budget deviation monitoring |
| Risk Management | Moderate; risks and contingencies included in price but can cost more as a result | Low; increased risk due to variable scope and potential for scope creep | High; dynamic risk management with flexibility for adjustments |
| Agility | Fixed; strict adherence to agreed timelines | Flexible; can extend based on project needs and scope changes | Balanced; aligns with project plan but allows for agreed contingent variance |
| Payment Structure | Lump-sum or milestone-based, as per contract terms | Based on time spent and resources used; can fluctuate | Tied to specific deliverables, milestones, and pre-approved expenses |
| Scope Creep Management | Low; any scope change requires contract amendment | Low; flexibility often leads to scope creep and budget overrun | High; managed through controlled scope adjustments and pre-approved contingency |
| Transparency and Collaboration | Moderate; dependent on clear contract terms and communication | Variable; can be challenged by changing scope and costs | High; enhanced by centralized platform, clear deliverables and approval workflows |
| Integration with Existing Tools | Low to moderate; typically standalone contracts | Moderate; depends on project management and tracking systems | High; designed for integration with existing technology and tools |
| Overall Project Governance | Moderate; fixed terms may limit responsiveness to changes | Low; less control over project direction and costs | High; robust governance supported by comprehensive contract management |
What's our mission?
At Contora, we’re passionate about finding better ways to make life easier. We help organisations free themselves from the stress of Statements of Work complexities and enable them to increase their ROI.
By saving you time and giving you a single hub for all your necessary compliance activities, you can do more with your day.
Regardless of your industry, Contora can help manage your statement of work lifecycle. Here are just some of the industries we’re able to support:.
- Government/Public Sector Contracts
- Fast-moving Moving goods (FMCG)
- Healthcare/Pharmaceuticals
- Construction/Property Maintenance
- Digital Transformation Projects or any kind of project with external suppliers
- Outcome-Based/Performance Work Package Resourcing
- Business Consultancy/Managed Service Providers
Still not sure if Contora is right for you?
Our ROI calculator provides you with a clear insight into how much you could save with Contora based on 7 simple questions on your current SOW practices.
Want to see the Contora difference?
Create your first Work Package completely free and without obligation.
Our no-obligation offer provides you with access to everything Contora has to offer and helps you try all the benefits first-hand.
Simply book a discovery call and we’ll get you set up in an instant.