Engineering, Procurement & Construction – Audits

Major Projects: During the life of a major development project, we recommend undertaking regular compliance or forensic examinations of all aspects of the contract, in order to provide you with a complete, transparent, picture of the financial management and operational performance of the contractor, thereby ensuring that, the agreement is being executed in accordance with the intent of all parties to the contract.

Two-phase audits: the first phase typically is scheduled near the beginning (such as at 20 percent project completion) and the second before final payment is made.

Monthly payment audits: these keep a close watch on contract cash outflows and help to resolve potential problems before they lead to delays and cost overruns.

Contract closeout audits: typically completed before final payment is made.

Comprehensive Project Audits : We cover every phase of the project lifecycle, ensuring adherence to project management practices, timelines, budgets, and objectives. Our goal is to identify areas for improvement and ensure efficient project management.

Contractual Compliance Audit : We ensure all contractual obligations are met by both parties, verifying deliverables, deadlines, and adherence to terms and conditions to prevent potential disputes.

Cost Estimation and Budget Audit : We verify the accuracy of cost estimations and budget allocations, ensuring realistic initial estimates and identifying cost overruns for corrective action.

Supply Chain and Procurement Audit : We evaluate supply chain and procurement processes for efficiency, adherence to procurement policies, and timely delivery of materials and services, ensuring smooth operations.

Risk Management Audit : We assess the effectiveness of risk management strategies, identifying potential risks and evaluating mitigation measures to integrate risk management into the project management process.

Document Control and Records Management Audit : We ensure project documentation is accurate, up-to-date, and easily accessible, maintaining transparency and accountability throughout the project lifecycle.

Stakeholder Engagement and Communication Audit : We evaluate strategies and practices for stakeholder engagement and communication, ensuring stakeholders are informed, expectations are managed, and feedback is incorporated into project management.

Post-Project Evaluation Audit : We assess project success upon completion, measuring outcomes against initial objectives and identifying lessons learned to improve future project management practices.

Third-Party Auditing Services : We offer independent third-party auditing services to provide unbiased assessments of projects, ensuring compliance with industry standards, regulatory requirements, and internal policies.

Planning and Scheduling Audit : We audit planning and scheduling processes to ensure realistic and achievable project timelines, reviewing methodologies, schedule accuracy, and monitoring and control processes.

Billing and Payment Audit : We ensure billing and payment processes are accurate and transparent, verifying invoices, ensuring timely payments, and identifying discrepancies in financial transactions.

Customized Audit Solutions : We offer tailored audit solutions to meet specific client needs, working closely to understand unique requirements and develop customized audit plans addressing specific concerns and objectives.