Achieving Holistic Contractor Safety Management With Digital Innovation

Published 6 September 2019 by David Metcalfe &
Contractor Risk Management Operational Excellence Market Insight

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Executive Summary

Improving contractor safety management has been moving up the corporate agenda for several years as hiring clients increasingly outsource hazardous work but regulators continue to hold them responsible for risk management. This trend is particularly strong in the energy sector which is the focus for PEC Safety and Veriforce which merged in 2019 following their acquisition by private equity firm Thoma Bravo. The combination of these two businesses links up capabilities to improve contractor safety through pre-qualification of contractor organizations as well as by assessing the qualifications of individual workers to perform hazardous tasks. Veriforce has the potential to close additional loopholes in contractor safety management by unifying the capabilities of the two software products and investing in new functionality for site security, permit to work and   new leading indicators for contractor safety measurement.

Table of contents

Merger Of Veriforce And PEC Safety Combines Individual And Organizational Contractor Safety
Veriforce Complements A Core Contractor Safety Platform With Unique Capabilities
Connecting Up Digital Innovations Will Create A Holistic Contractor Safety Proposition

Table of figures

Figure 1. Significance Of Contractor Management Software For Operational Excellence

Organisations mentioned

Air Products, Chesapeake Energy, Cority, Florida Public Utilities, Fortive, Great River Energy, Henkels & McCoy, Lubbock Power & Light, MarkWest Energy Partners, ONEOK, PEC Safety, Predictive Solutions, Qantas, Thoma Bravo, TransCanada, US Department of Transport, US Pipeline and Hazardous Materials Safety Administration (PHMSA).

About the author

David Metcalfe

CEO

David co-founded Verdantix in 2008 and leads the firm’s research and advisory work on the digitization of Operational Excellence which covers software, systems integration, wearables and drones. Prior to founding Verdantix, David was a Senior Vice President at Forrester Research and Head of Analysis and Forecasting for BT. He holds a PhD from Cambridge University in Game Theory and Decision Analysis and worked as a Research Associate at the Harvard Business School.

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