Construction Audit
Construction projects rank amongst the most significant capital expenditure your organization will incurr. They pose significant financial and reputational risks, if not effectively controlled.
We protect your interests
- Are the right governance processes in place?
- Have you chosen the right vendors?
- Do you understand and control your risks?
- Cost overruns, overpayments and fraud. Is it happening on your project?
- Are you facing litigation or arbitration issues?
If you are asking any of these questions, we can help. We work for building Owners not construction companies.
We are internationally recognized experts. Our construction audit practice is lead by Denise Cicchella, author of the Institute of Internal Auditors Construction Audit Guide. Our team brings an unrivalled breadth and depth of knowledge to help deliver your project on time and within budget.
When you partner with Auspicium, you’ll work with experienced executives who can help you safelynavigate through any, or all, phases of the project life cycle: Needs Analysis, Planning, Preconstruction (including vendor due dilligence and selection), Construction and Project Closeout.
Working with Auspicium you will:
- Benefit from the knowledge and experience of recognised industry leaders.
- Rest assured that costs spent are in compliance with the contract and are accurate.
- Receive a comprehensive risk assessment.
- Receive process improvement recommendations to help ensure you efficiently and effectively manage your project’s risks.
- Work with a professionals who believe in knowledge transfer.
Life Cycle
Consultants operating on a "contingency" basis will tell you the best time to conduct a construction audit is after work is complete. We prefer to prevent issues arrising, including:
Contracting
Many construction contracts are written by contractors and you may be at risk due to missing or weak clauses. We will look for these clauses and make recommendations to help you negotiate stronger contracts.
Construction Cost Control
We will evaluate your payment application, change order proces an other key processes to establish proper controls and procedures. We will also work with you to identify any overpayments that may already have been made and assist with recovery action.
Post Construction
Post construction we will ensure any monies or rebates due are paid by ensuring credits have been applied.
Further information:
The Right Start - Have You Done Your Due Dilligence?
Construction are you in control?
Are Ghosts Haunting Your Project?