Effective Auditing of Construction Activity
Wednesday, Dec 03, 2008-Thursday, Dec 04, 2008, 8:30-5pm (registration begins at 8:00am)
15.0 CPE hours
650.00 Members | 750.00 Non-Members
Contact: Chris Cochran
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World Trade Center Building 2, Mezzanine #5 room
121 SW Salmon
Portland, Oregon
Easy transportation available via Tri-Met or parking garages nearby.
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If you would like to pay via PayPal, please click on the secured link below. Otherwise, please mail payment prior to the seminar to IIA-Portland Chapter, PO Box 1554 Portland, OR 97207.
This terrific 2 day seminar is co-hosted by PGE and presented by Richard Townsend, of Courtenay Thompson and Assoc. Introduction to Effective Auditing of Construction Activity
- Audit objectives related to controlling construction costs
- Project team roles and responsibilities
- Delivery systems - fast track, design build, conventional
- Contract procurement methods, types, and phases Cost Plus and Time and Material Contracts - Typical Overcharges
- Design contract billings for time and reimbursables
- Billings for personal computer and/or mainframe computer time
- Construction contractor and/or construction manager billings for labor and labor burden
- Billings for contractor-owned equipment, third-party equipment rental, expendable tools, equipment and consumables, and material used during construction
- Transactions dealing with subcontractors Auditing Construction Change Orders
- Typical overcharges in lump sum change orders
- Mechanical change order - discussion exercise
- Electrical change order - discussion exercise
- Change order labor and labor burden pricing Auditing Lump Sum or Unit Price Contracts
- Quality and scope of work overcharges
- Substitution of materials or methods
- Not performing required services
- Not installing proper quantities
- Special types of lump sum contract overcharge situations
- Adjusting allowances • Required bonds and insurance
- Improper charges for sales tax
- Special unit price overcharge situations
- Excessive quantities billed
- Improper measurement method used
- Inaccurate measurements
- Billings for excessive quantities actually performed