Even with the most effective project control techniques, there are some project costs that cannot be fully evaluated until the construction project has been completed. For this reason, a construction audit of the final costs should be a standard part of an effective project controls program. This paper will discuss the benefits of interim and final construction cost audits to owners, contractors and construction managers. Additionally, this paper will provide recommendations that will help make a project more easily auditable at any stage of construction. It will also address some of the similarities and differences between construction auditing and project controls. Examples from actual case studies will be provided to help illustrate the results that audits may produce beyond standard project controls techniques. Finally, the paper will show how objective auditing can aid the closeout process and may lower the risk of potential litigation which may be beneficial to not only project owners, but contractors and construction mangers as well.
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