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Construction Audit:

This service includes,

- The evaluation of all the stakeholders of a construction project in terms of execution, cost, time, design, contract administration, additional cost and time claims, value engineering and variation orders, quality, procurement scheduling,

- Assessment of present status and risks of the project,

- Proposing corrective and preventive actions whenever required

Main Objectives of Construction Audit:

- To assess the current status of construction and the effectiveness of management policies and procedures related to financial, operational & administrative controls of construction activities and suggest the corrective actions,

- To audit contractual risks register and management plan,

- To identify cost improvement opportunities and

- To ensure compliance with relevant norms and legislations.

The Construction Auditing is carried out to assess overall status of the project. It consists of review and analysing  the organization and processes of the project, identifying the non-conformities, finding possible solutions to overcome and reporting to the stakeholders.

Scope of Construction Auditing:

The audit will focus on the following particulars of the Project:

- Decision making process of the Company/Project,

- Organizational Structure,

- Design,

- Cost and Budget,

- Contract Administration

- Time Schedule,

- Subcontractor management

- Procurement and Logistics,

As well as the audit may include all the details of the above-mentioned particulars, it may also focus on specific problems of the projects as may be deemed by the stakeholders. The specific problem will be defined and all the processes related with the problem will be examined in detail and suggestions for solution shall be reported.

Stages of Construction Auditing:

- Preliminary Discussions

- Audit Outline

- Kick-off Meeting

- Audit (Interview, Review & Analysis)

- Revealing Non-Conformances

- Mutual Discussions

- Preliminary Audit Report

- Office Study

- Final Audit Report

- Follow Up (If requested)