Construction audit

Construction audit

Construction audit (technical and financial review) is a set of financial and technical controls protecting the interests of the investor, creditor or project owner.

We check the quality and scope of works and compare the actual cost of works and materials with the contractor's as-built documentation.

Types of construction audit:

• audit of quality, scope and cost of works at the audit date;
• regular audit throughout the project, including quality checks, review of estimate documentation and comparison of contractor data with actual scope and cost.

Construction audit includes:

• assessment of the quality and scope of completed works;
• assessment of material compliance with the project requirements;
• comparison of the market value of materials and works with the contractor's estimate;
• comparison of actual costs with planned figures;
• assessment of the project's construction readiness;
• assessment of the cost of remedying identified defects.

Technical supervision

Technical supervision is a set of control and inspection measures ensuring that construction, installation and finishing works comply with building codes and the project, on time, within the planned scope and at high quality.

Supervision helps to:

• prevent overpricing of works and materials;
• ensure construction quality and prevent structural deformation;
• eliminate hidden defects in structures and utilities;
• prevent the use of cheap, low-quality materials;
• complete works on time with minimal costs;
• avoid as-built documentation violations;
• ensure compliance with building codes and regulations;
• keep the project within the approved budget.

Economic effect

• independent supervision helps investors and project owners save 30% to 50% of the funds spent on project implementation;
• independent technical supervision during construction prevents schedule delays in 98% of cases;
• timely involvement of supervision specialists prevents the use of cheap non-project materials by contractors, which occurs in 80-90% of cases when contractors are not controlled by technical supervision engineers.