Housing consortium selects Covalent to monitor efficiencies and value for money

Published by Covalent_Software for Covalent Software in Housing and also in Communities, Local Government

Covalent is pleased to welcome the Central Housing Investment Consortium (CHIC) to its Social Housing Provider customer base.

CHIC, formed in early 2010, is a consortium of eight member affordable housing landlords working across the Midlands. CHIC's members work together to deliver sophisticated asset management solutions, to drive quality up and cost down. By planning and delivering their asset investment programmes collaboratively, members secure cost savings and a range of added value benefits.
 
Performance Management will be a key element of any CHIC contract enabling the costs and delivery of all works and services to be monitored and managed effectively. This in turn will provide key data and information in measuring the efficiencies and value for money achieved. To this end, CHIC will use Covalent to monitor Key Performance Indicators at various levels, ranging from high level KPIs relating to all work streams and work packages, down to those applying to specific contracts and specific service providers. The performance of each contractor or service provider will be monitored, with the aim of ensuring that work is carried out right first time/free from defects, on time, safely and to customers' satisfaction. Cost data will allow CHIC to compare actual to target costs, analyse trends and compare detailed costs between Members and their service providers.
 
Speaking on CHIC's decision to procure Covalent, Project Consultant Julian Knapp commented, "The Covalent offering consistently outshone the competition throughout the selection process. The very early stages of engagement with the product are going well - Covalent will act as the internal auditor to the procurement consortium's progress and validate through detailed use of PIs and benchmarking the savings and efficiencies which are being achieved."

Peter McHugh, CEO and founder, Covalent Software said, “Social housing providers face a great many challenges in the current economic climate, focusing around securing cost savings, while also high levels of service.  As a result, performance management has become more important than ever.  Covalent CPM automates the process allowing better monitoring and control of costs and the supply chain, and we are delighted that CHIC has become our latest social housing customer.”

For more information on Covalent Corporate Performance Management for Social Housing providers, please click here.