Track is the market leading solution for owners and contractors seeking greater cost control, transparency and contract compliance. For nearly two decades, industries from refineries to chemical companies to power plants having been using Track to manage their contractor spend.
Track's real-time labor cost calculations – hourly, daily, weekly, monthly – equipment rate controls, and iron-clad per diem control provides unparalleled cost awareness before things get out of hand.
Additionally, Track delivers real-time visibility into work performed and on progress of the project.
One of the strengths of Track’s value proposition lies with the way it addresses a central question that always confounds companies: What is your current process for capturing contractor spend? Unfortunately, the answer often lies somewhere between a spreadsheet and ‘none’.
Track has determined that, because most companies don’t have a technology-based process in place to track contractor spend, hard dollars are lost in one of three ways:
A) Inaccurate hours – 4-7%
B) Errors with contract compliance – 4-7%
C) Errors of math – 1-2%
Therefore, even if a company is getting it right 95% of the time, the 5% lost translates into millions of dollars of overspending on labor, materials and equipment.
Track and its Equipment and Materials modules not only give customers the necessary tools to capture that 5% (or 10, or 20…), but they create a greatly improved decision-making paradigm when it comes to capital projects or a shutdown/turnaround.
Companies that have large numbers of contract labor at a fixed facility use our software, including Chevron, Shell, BP, Valero and Tesoro.