Construction Audit Solutions

Are you monitoring your construction projects? You should be.
Construction projects are among the largest and most complex investments undertaken by most organizations. Every construction project is governed by complicated contracts reflecting multiple relationships and tiers. Various suppliers, numerous subcontractors and paper-only records further complicate your ability to monitor and maintain control. The opportunity exists to establish and enhance accountability, recover costs, minimize abuse and ensure the quality of your construction projects. Let our construction industry audit experts show you the way and reclaim control over your construction projects.

Our Solutions

Our seasoned construction industry professionals help you identify and mitigate risks in every stage of your project − from planning through construction to project close-out. Control Solutions puts this expertise to work for you through a set of solutions designed to protect your organization, including:

Preconstruction Advisory

During the planning and preconstruction phases of your project, our professionals can provide a range of advisory services and recommend a system of controls to help protect you from the start, including:

  • RFP preparation and support
  • Contractor selection
  • Payment tracking procedures
  • Change order approval process
  • Contractor data verification
  • Contract language review
  • Subcontractor validation

Construction Project Control Services

The most effective manner of controlling construction costs is to establish a well-balanced program of contract administration internal controls to prevent overpayments and to identify potential overcharges before they occur. To accomplish this, our professionals ensure that contract terms protect your interests and that bidding and contractor selection procedures are designed to maximize cost effectiveness. We evaluate contract billing and change order procedures, job site monitoring, and inspection processes to ensure that contractor activities are properly monitored and controlled.

Construction Cost Monitoring

Our construction cost monitoring services are designed to help you understand exactly how much you are being billed for the various components of your construction project, including subcontractors and materials. Control Solutions professionals determine the cost components of each billing, determine that current billings are compliant with contractual terms, identify job costs that are not properly supported and identify situations that might warrant field-level cost control considerations. We identify the source of failures, present our findings and work with management to recover costs and develop and implement controls to mitigate the risks.

Construction Audit Services

Our construction audit services help to ensure contract compliance and to identify potential overcharges, failures to recoup reimbursable expenses, and opportunities for cost avoidance and cost recovery. We work to ensure that construction contract deliverables and related billings are in accordance with the intent of contract documents. We determine whether payments for various components of construction and development costs are duplicated and whether or not change orders have been properly priced, approved and executed.

Our professionals examine construction contract documents including specifications, correspondence, bids, contractor records and contract billings. We also review change order documentation and payables and receivables handling procedures. At the conclusion of the engagement, we prepare a comprehensive management report describing all of the actual and potential exceptions identified as well as other process and control improvement opportunities.

 Download our Construction Audit solution sheet.