StatsBlog provides a forum to give you a unique perspective on issues in the AEC and design industry. We share news, features of FIVE and how it influences contract administration.


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Understanding Accounting vs. Contract Admin

Accounting is an accrual method of tracking financial transactions, reflective of the last observation plus, the current observation, that must equal observations to date. In contract administration the observation is, of what is observed to date, minus the observation of the past, to determine the current change in observation.

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The Change Process

In FIVE, a user can now easily click and drag—an RFI issued by the contractor in an email, into the Request Tab to store the details of its contents plus the email message itself.

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Change Management: other side of the coin

In the last article on this topic, we explored the outgoing forms of CCDC 24, this time we will review the incoming forms from your contractor and others. These forms are less structured and come from a variety of sources include your Client, the Owner, the contractor as mentioned, your Consultants, and depending on the contract type, each of the specialty trades.

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Data Management: Statistics Tool

Our customers have amassed an impressive amount of project data over that time, and we’ve ensured that they can migrate it seamlessly from update to update. The missing piece—at least up until now—is that there hasn’t been an easy way to get an arm’s length view of all that accumulated project data. We’ve traditionally considered projects to be separate silos of unrelated information; but, the truth is that there are connecting threads between each and every project you work on.

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The History of Contract Admin

In the early months of 2019, a search for contract administration software in Google will present you with a long list of contract management software. That same search for contract administration software in Wikipedia gets a note saying “the page does not exist”, and a search for contract administration repeats that result. Even when you enter construction contract administration you get the same note.

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What is Contract Admin?

In 2014, the Ontario Association of Architects (OAA)—Construction Contract Administration Committee (CCAC) undertook a review of contract administration specific software. In its conclusions the report says: Statslog can be used for many projects and would be the most cost-effective for a small office with many projects.  

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