Construction Contract Auditing

PRE-CONSTRUCTION CONTRACT REVIEWS

 

  • Pre-execution review of Contract Language
  • Pre-construction reviews of labor billing rates and various uplifts
  • Ensure reasonableness of labor billing rates versus industry and regional standards
  • Estimate appropriate uplifts for tax burden and fringe costs on labor
  • Estimate appropriate uplifts for insurance, small tools, information technology, etc.
  • Create and implement a contract audit process within an organization to ensure appropriate controls are in place to minimize risk
  • Assist in implementation of an appropriate contract payment application structure to allow efficient and effective reviews periodically

 

PERIODIC AND/OR PROJECT CLOSEOUT AUDITS

 

  • Validate Labor costs billed and identify non-compliant charges
  • Analyze leased equipment billings for non-compliant charges
  • Reconcile Subcontract Payments and identify any non-compliant charges
  • Ensure bid process for Subcontractors, including self-performed work, is compliant with the Contract
  • Change Order Pricing Reviews
  • Insurance/Bond coverage and cost validation
  • Validate IT costs billed and identify non-compliant charges
  • Validate Materials’ purchases and identify non-compliant charges
  • Reconcile to actual costs when estimated costs have been used
  • Review all billings for duplicate payments

 

ON-SITE EDUCATIONAL SERVICES

 

  • Half day and full day educational seminar customized to Owner's Contract.

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