“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