Construction Project Review
Our client began a series of multi-million dollar construction projects throughout the Midwest. Our client’s internal audit team wanted to co-source with a firm that could bring in a construction expert to review contract compliance, cost, and internal controls.
Orion brought in a specialized consultant with more than twenty years of experience in construction and forensic audits to do a risk assessment, develop an audit program, and review the appropriate contracts, invoices and other documents.
Orion’s consultant identified several contractual deficiencies and worked with the client’s contract managers to ensure the issues were addressed. The audit also resulted in recommendations for properly capturing historical cost information and developing a budget framework to assess future projects against a baseline. The client now has a repeatable audit program that will be used by their internal personnel to assess future construction projects. Both the client’s internal audit manager and the manager of the construction team commented on our consultant’s deep construction knowledge and the value of the review