- Construction Audit & Advisory
Contract Compliance Audits
- Identify and minimize overcharges on the project
- Reduce litigation risk through better project control and information
- Compliance with contractual obligations, procedures, internal controls, and procurement procedures on the construction process, commencing with the solicitation of contractor bids or proposals through project closeout
- General Conditions Review and Validation
- Reviewing compliance and controlling costs billed under both constructions related professional services contracts and construction contracts; and identifying overcharges on the project
- Base contract and applicable amendments
- Review payment applications
- Lien Release Review and Reconciliation
- Evaluate change orders
- Site visits
Data Review and Certification
- Payment application, processing and administration of acceptable cost
- Labor hours, wages and/or stipulated rates charged to the project
- Labor burden costs including benefits, unemployment insurance, worker’s compensation and other elements charged to the project
- Accounting systems (e.g. payroll audits, rates, cost segregation and overhead)
- Overhead rates and/or labor multipliers
- Materials and equipment costs
- Contingency – spend management
- Contractor owned equipment rentals/small tools and other construction costs
- General liability, commercial auto liability and other insurance costs
- Home office overhead costs
- Verification of proper sales and use tax charges
- Allowable and unallowable cost reviews
- Project expenditure controls including cost credits, discounts, rebates or refundable deposits
Program Value-Adds
- Identifying areas of increased risk related to the project
- Verifying the accuracy of billings or charges and contract compliance
- Confirming funds are being used in the manner intended by management
- Reporting potential cost savings, cost avoidance and/or potential recovery
- Identifying areas for process improvement opportunities/eliminating inefficiencies
- Follow-up and resolve of outstanding/identified issues and reporting the status for corrective action
