Construction Contract Compliance Audit Services
Whether you are using a cost plus fee construction contract or a lump sum/fixed price construction contract, there are numerous ways you can overpay or otherwise be overcharged by your contractor.
Most overcharges result from misunderstandings, oversights, or misinterpretations. This is usually due to the significant number of details that are involved in properly managing and administering a construction project.
A contract compliance audit is usually a cost-effective way of identifying potential overcharges, opportunities for cost avoidance and obtaining cost recoveries.
Objectives
- Determine that construction contract deliverables and related billings are in accordance with the intent on the contract documents.
- Determine that payments for various components of construction and development costs are not duplicated.
- Determine whether or not change orders have been properly priced.
Approach
- Conduct a tailored review of all construction contract documents including specifications, correspondence, bids, contractor records, contract billings, change order documentation to identify potential contract compliance follow-up items and/or other opportunities for construction contract administration improvement.
