Technical Auditing in Construction

Technical audit is an audit performed by an auditor, Engineer or subject matter expertly who evaluates deficiencies or areas of improvement in a process, system or proposal Technical audit covers the technical aspect of the project implemented in the organization.

QS Can carry out Contractual or financial audit or both.

Audit of Construction Projects

Construction projects covers many aspects. However the technical audit may be limited to specific aspects that may be relevant. Relevant aspects are as follows:

• Organizing the Construction Project Management. 
• Process of Design and Construction.
• Utilization of Resources.
• Project Cost.
• Method of Contracting and Pricing.
• Planning and Scheduling Procedure.
• Project Control and Monitoring.
• Cost Control and Accounting.
• Quality Control and Safety Procedure.
• Project Usage and Management Organization.

Objectives of Audit

• Implementation is as per Approved Client Guidelines and Industry Standards.
• Ascertain Causes of Claims, Delays and Changes and their Financial Implications.
• Identify Fraud Situations & Possibilities and suggest Preventive Measures.
• Examine Justification, Accuracy & Suggest Alternatives to Minimize their Costs.
• Recoveries from Third Parties, where applicable.

Stages of technical auditing

Stages of technical auditing

Benefits of technical auditing

• Improved infrastructure quality and value.
• Transparent, cost effective procurement of goods and services.
• Decreased project Quantity and cost variations.
• Decreased annual Maintenance expenditure.
• Increase project life with decrease life cycle cost.

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