South Africa

Details

  • Industry: Construction
  • Type: Business and industry issue
  • Date: 2013/10/22

Building a foundation for contract audit 

For major engineering and construction (E&C) projects, the contract audit can be an effective tool to do more with less and help eliminate wasteful spending and cost overruns. Construction owners, real estate developers, joint venture partners, and project stakeholders are incorporating contract audits into their standard operating procedures for monitoring and controlling building projects.
contract audit
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This paper provides guidance for contractors on how to prepare for a contract audit, offers insight into how auditors approach contract audit, and recommends procedures for managing the audit process.
 

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