Project Monitoring and Audit
BrunswickIS provides project monitoring and audit services including the following:
- Project monitoring for funding bodies in order to facilitate the draw-down of funds against project facilities
- Project 'health' checks providing quick, accurate and independant advice on the performance of a project and the remaining risks factors
- Forensic cost audits where payment is on an 'open-book' or target cost basis
The widespread use of construction contracts based on an 'open-book' or target cost payment mechanism has lead to a requirement for Clients to check and validate contractor's cost records. Brunswick IS understand contractor's accounting systems and have successfully assisted Clients by ensuring that contractors only claim for costs that they are entitled to under the relevant contractual provsions.
By carrying out one such forensic audit our Client, a major utilities provider, successfully recovered a significant six figure sum that had been claimed by their contractor under a long term framework agreement.
Project Health Check