Preventing Fraud across infrastructure projects using geolocation. Onwave

Preventing Fraud across infrastructure projects using geolocation.

When the government commits to infrastructure projects, they are committing to spending billions of taxpayers’ money.

Escalating costs for projects receive negative PR and mean that the public start to question value for money for these larger and costlier projects.

Mitigating the risk of fraudulent activity should be prioritised by those working on and managing infrastructure projects to ensure all costs are valid, legitimate and relate to the approved schedule of work.

Furthermore, any suspicions of fraud can negatively impact on the chosen contractors and sub-contractors – meaning time and money is wasted on investigations that may or may not have the ability to be proven. The cost of fraud both financially and in terms of reputation and future work winning can be severe and should be considered a key business risk.

Geolocation technology will provide accurate resource allocation records for a project and can be used to inform or reconcile payment applications, particularly on Target Cost or Cost Reimbursable Contracts. Knowing what and who is on-site can be mapped back to specific work activities including critical path tasks, helping to keep projects on time and provide certainty of delivery.

Here are some examples of how geolocation technology can be used to mitigate the risk of fraudulent costs.

Is plant being utilised? Under-utilised plant on site might indicate that plant has been hired that is not necessary or delivering value for money. Plant can then be off hired providing both cost and carbon savings.
Knowing who is on site. When viewing payment applications for contractors, particularly those with specialist roles. OWL provides both a real time and historic view of who is on site and where they are working.
Tracking and monitoring deliveries – knowing what is on site and where it is so that work can be carried out on time.
Prevention of theft of assets – tagging assets to ensure they are not removed from site.

OWL collects resource allocation information automatically, reducing the need for cost administration resources and also reducing work for your Supervisors, enabling them to focus on delivering Safe and Productive operations on site. All the information is available via reports and dashboards at the click of a button and can be delivered via PowerBi or other formats making it simple for your project teams to use.

To discover how OWL can help prevent fraudulent activity across your projects, get in touch with the team for a call to discuss your requirements.

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