“Financial responsibility is concerned with minimising financial risks. It is about optimising cash balances, providing clear, timely and accurate information and ensuring all processes are performed in accordance with the standards that govern the profession.
Steve Nicol, UK finance manager
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Financial responsibility
We expect to receive fair reward for our business performance. Consequently, we expect to be paid on time just as we expect to pay our suppliers and sub-contractors on time.
We carefully manage financial risk and demand clear reporting of financial performance in our business.
Our business strategy is based on steady growth by selecting only those jobs we can deliver safely and make a profit.
Financial responsibility in action
- In a detailed client audit of over $50m, not one discrepancy was found
- We've speeded up our payments to our suppliers so that their businesses can grow as well as ours
- Our administrative team in Chad has tightened up processes to maintain very reliable cash flow
- The BP Onshore Compression and Terminal Integration Project team has complimented us on our cost reports