Fixing Contractor Safety: Prequalification Mitigates Major Risks

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Executive Summary

This report provides an overview of the valuable role played by prequalification providers in efforts to improve contractor safety management. It serves as a lens for heads of EHS, operations and procurement to identify the pre-qualification specialists who provide services to verify the authenticity of contractors’ key documents and assess their safety performance. Demand for third-party prequalification is driven by the intractable risks inherent in outsourcing work to multiple contractors. The capabilities offered by prequalification providers to assist hiring clients manage the risks are broad and cover assessing contractor firms before a project begins as well as during the ongoing work. The offerings, including online databases, information management tools and safety performance tracking, are at varying levels of technological maturity. 
 

Table of contents

Prequalification Of Contractors Is Essential To Control Risks
Demand For Contractor Prequalification Is Driven By Intractable Risks
Prequalification Providers Offer Broad Capabilities To Mitigate Contractor Risks
Prequalification Providers Have Varying Degrees Of Technological Maturity

Table of figures

Figure 1. Prequalification Providers Resolve Contractor Safety Challenges
Figure 2. Digital Solutions Mitigate Site-Level Contractor Safety Risks
Figure 3. Geographic Presence Of Prequalification Providers

About the authors

Sebastian Winter

Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management software, and connected worker platforms. Sebastian also delivers market strategy, voice of the customer, thought leadership, CDD, and digital strategy advisory pieces. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Global, and held positions in China, Brunei and Kenya. Sebastian holds an MSc Environmental Technology from Imperial College London.

David Metcalfe

CEO

David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital strategies to C-level executives at technology providers, partners at private equity firms and function heads at large corporations. His current focus is on helping clients understand their market opportunity tied to ESG investment trends and their impact on corporate sustainability strategies. During his 12 years running Verdantix – including 4 leading the New York office – he has helped dozens of clients grow their businesses through fund raising, acquisitions and international growth. David was previously SVP Research at Forrester and Head of Analysis & Forecasting at BT. He holds a PhD from Cambridge University and also worked as a Research Associate at the Harvard Business School.

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