Decision Dynamics Technology Ltd. announced that its Oncore cost and contractor management software is being deployed by the Nuclear Division of Ontario Power Generation (OPG). Oncore will streamline the collection and approval of contractor work tickets, automatically calculate charges based on contract terms, validate and enable payment of contractor invoices and allow project managers to manage and analyze cost and contractor performance in real time. The contract is expected to generate $750 thousand for Decision Dynamics during the first year of the contract and $1.5 million over the five year term.
Oncore is being deployed as part of OPG’s Cost and Schedule Improvement Program, an initiative designed to improve efficiency and performance on the significant portfolio of capital, maintenance and outage projects undertaken by OPG each year. Decision Dynamics was awarded the contract after a multi-vendor evaluation process by OPG that included input from some of their contracting companies. Oncore supports multiple contract types, including time and materials, fixed price and lump sum contracts, and will be integrated with OPG’s project planning, finance and work order management systems.
“Oncore continues to prove its value within the North American power utilities market,” said Justin Zinke, Decision Dynamics’ President and CEO. “And, OPG’s adoption of Oncore has led to discussions with some of OPG’s contractors on how they could leverage Oncore in their businesses.”
Oncore tracks labor, equipment, materials and other costs for capital and operations projects by line item, provides robust analytics for complex calculations such as comparative contractor performance, and makes all information available in a central repository. The application provides real-time visibility into project status, reduces invoice disputes, helps prevent overcharges, flags cost or progress problems to allow timely corrective action, eliminates lengthy reconciliation of contractor invoices and timesheets to contract terms, and helps reduce post-project audit costs.