Reduce the risk of project management.
Construction projects are among the largest and most complex financial investments undertaken by owners. Billing errors, overcharges and unauthorized expenditures can leave an owner paying thousands of dollars in additional costs.
Our professionals help reduce an owner’s risk of being over-charged by applying specific procedures in a Construction Contract Compliance Analysis (CCCA).
Phases
We conduct the CCCA throughout the span of the contract to help reduce the risk of contract noncompliance during each stage of the project including:
Planning and pre-construction phase:
Providing assistance to owners before signing the contract by helping to analyze prospective contractors’ cost structure and assist owners in the pre-construction phase with proper tracking and review of contract documentation, as well as review of the bid process for subcontractor selection.
Construction phase:
Perform periodic testing during the course of construction to verify certain contract terms and conditions are being followed and that controls and administrative procedures are in place and operating as designed.
Post-construction phase:
The majority of CCCA engagements take place during this phase of the contract, where the work has been performed and costs are completed but are not approved for final payment. Procedures performed during this phase help uncover areas of potential concern, based on exceptions found in testing over contract elements agreed-upon with the owner.
Completion Phase:
When a CCCA is completed, an SVA report is issued detailing the procedures and testing performed. Recommendations are also provided if there are specific areas that may need closer review or inquiry with the contractor in order to uncover additional potential cost savings.