ABSTRACT

Construction Audit is becoming more and more prevalant, and organizations are appreciating its importance.  Learning the basics of construction auditing can provide valuable knowledge and skills for professionals and students in the construction industry, offering insights into financial management, risk mitigation, compliance, and overall project oversight. 

This book is not just for auditors, however.  It could be used by project managers, integrity monitors, construction managers and anyone else who wants to understand the elements that go into creating a successful project. Legal teams involved in contracting and overpayment recovery will also benefit. 

This book:

·       Walks you through all phases of construction; starting with project inception.  It will guide the reader through all the processes and the risks in each of these. 

·       Will guide the reader through the many challenges they will face through life of the project   This book provides real life solutions to common problems in construction.

·       Introduces project management techniques; whilst not concentrating on a special methodology but building on project management fundamentals.  Understanding this will help enable the reader to talk to project managers more effectively.

·       Defines the components of a successful project and gives the reader the tools needed to ensure these components.

·       Uses real life examples of control breakdowns, errors or fraud.

·       Will help readers build an audit strategy and plan by understanding risks and effective controls that can be implemented to mitigate risk.

Whether tackling your first project or your 21st project, this book will help you think outside the box and understand the finite processes and pieces of your project.  There is always room for something new, new perspectives, or improvement and this book will help you find it.

1.     Introduction – Construction Audit Basics. 2.     Types of Construction. 3.     General Risks. 4.     How Construction Audit is Different from other audits. 5.     Delivering a Construction Audit. 6.     Pillars of Success. 7.     Phases of Construction Projects. 8.     Location and Benchmarking. 9.     Conflicts of Interest. 10.  Project Appraisal. 11.  Investment Decision Making. 12.  ESG and Construction. 13.  Building the Construction Team. 14.  Common Procurement Risks. 15.  How Project Procurement Can Be Different. 16.  Contracting. 17.  Contracts. 18.  Earned Value Management. 19.  Inventory Controls. 20.  Safety and Site Rules. 21.  Daily Foreman Reports. 22.  Perimeters and Cameras. 23.  Safety and Safety Equipment. 24.  Budgets and Budget Reporting. 25.  Month End Reporting. 26.  Walkthroughs and Inspections. 27.  Insurance. 28.  Labor and Professional Fees. 29.  Payments and Payment Auditing. 30.  Change Orders and Auditing Change Orders. 31.  Special Considerations. 32.  Special Types of Construction. 33.  Procuring Equipment from Abroad. 34.  Construction Fraud and Considerations. 35.  Closing Thoughts