Veterans form audit alternative

摘要

A group of industry veterans are banding together to form a construction investigation squad for hire by banks, governments and investors. Charles O'Neil, author of Global Construction Success and former director of asset management at German firm Bilfinger, told Building the group plans to audit projects to provide more accurate financial information. He said the team's construction knowledge gives them an advantage over the big four auditors, who take a narrow financial focus but struggle to quantify what is happening on a particular project. From Crossrail to Carillion, there are many examples of sponsors or investors not being given the full story, O'Neil said. His collaborators include the Specialist Engineering Contractors' Group's Rudi Klein and one-time Barclays infrastructure director Nigel Brindley. The team plan to formally launch the group later this year.