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Construction Claims Monthly - Devoted exclusively to the problems of construction contracting since 1963

Construction Cost Audits - Experts Can Save You Money (CCLN41E)

  • Product Format
    Pre Recorded Webinar
  • Presenter(s)
    Megan S. Wells , Vanessa I. Williams
  • Conference Date
    Thu, December 14, 2017
  • Length
    60 minutes

Relevance of Construction Cost Audits

The prime objective of construction cost audits is to control costs and avoid huge cost overruns on construction projects. However, construction cost audits are sometimes not undertaken due to cost considerations.

In this webinar, Megan Wells and Vanessa Williams discuss different levels of cost audits at various phases of the project; identify what situations may call for a cost audit; discuss contractual audit clauses; and provide case examples of how construction cost audits have benefited project stakeholders. This webinar is intended to assist attendees with practical examples of how investing in construction cost audits, at various phases and levels, can be cost effective for the project.

This webinar will help you learn:

  • The different forms of a construction cost audit; one size does not fit all
  • When would owners and contractors want to utilize a construction cost audit
  • Contract audit clauses and the parties' rights and obligations under the audit clause
  • How construction cost audits can benefit the stakeholders at different phases of the project
  • Real case examples where construction cost audits have saved the project stakeholders' money
  • Examples of document requests for conducting cost audits
  • Examples of project issues where a construction cost audit may benefit the parties
  • Some practical pointers for both owners and contractors when considering or facing a construction cost audit

Who should attend

  • Owners and owner representatives managing construction projects
  • Contractor executives
  • Project managers and Project control personnel
  • Accounting and finance personnel
  • Attorneys dealing with construction claims and disputes
 

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About the Presenter(s)

 

Megan S. WellsMegan Wells is a Director in Navigant's Global Construction practice and is the Director of the Seattle Office Construction Practice. Ms. Wells has over 23 years of consulting experience, including the analysis of costs ...More Info


Vanessa I. WilliamsVanessa Williams is an Associate Director in Navigant's Global Construction practice and has more than 14 years of consulting experience in issues related to construction accounting, contract cost auditing, and the...More Info

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