Projects Audit & Assurance

Construction projects usually have thin margins, but good ROI on account of advance funding for mobilization. However, various events such as delays, disruptions, suspension, variations / scope change, change in law, financial frauds etc. strongly impacts profitability and ROI.

Audits at project level are crucial for developers as well as contractors, although the objectives may vary.

Various issues such as billing, costs, project controls, documentation etc. are critically reviewed in our audits to give assurance to the management.

How our Project Audit helps

For Developers:

  • Audits for cost plus, passthrough, open book, GMP etc. contracting models
  • Ensuring that EPC is complying with contractual conditions and executing project as per schedules.
  • Ensuring effective project financial & commercial controls prevent frauds / funds leakage.
  • Ensuring proper project documentation is in place

For Contractors:

  • Audits in case of EPC, EPCM, Turnkey, Lump-sum, Cost Plus, Open Book, GMP, Item Rate / BOQ etc. contracting models.
  • Ensuring proper billing, cost optimization, T&P utilization, financial controls, etc.
  • Ensuring proper documentation for delays, claims etc.
  • Ensuring proper compliance of contractual conditions to avoid future liabilities.
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