“Eye opening. The presentation and audit documents were outstanding. Can’t wait to get started auditing my facility. Well worth the money.”
                  -William Greenwood, Director, Internal Audit, Cooper Health System

Cost recovery or savings reviews of your construction activity could save your  organization 1-3% of its construction cost and boost IA’s value to the  organization. In this three-day session you will learn the fundamentals of the  construction industry, and cover the activities that take place at a construction  site, contract documents and forms, inherent risks in the construction industry,  construction terminology, and the architect and contractor’s responsibilities. You will examine the types of construction contracts and their accompanying  risks, the bidding and award process, controlling construction costs, the  contract administration process, contract compliance, the payment process, the closeout process, and potential claims. You will explore the various types of  construction audits, learn how to implement your own construction audit program,  discover when to kick start your audit, and see for yourself that engineering  and/or architectural knowledge are not necessary to perform an effective  construction audit. Throughout this seminar you will use specifically formulated  exercises that will reinforce what you learn.
 
Prerequisite:  None                        Advance Preparation: None

Learning Level: Basic                    Delivery Method: Group-Live

Field: Auditing