Quantity and Billing Audits

Ensuring Financial Integrity and Material Accuracy in Every Phase

Quantity and Billing Audit

 

Our comprehensive Quantity and Billing Audit services are designed to provide you with the assurance and control necessary to navigate project finances and material management with confidence. We go beyond simple checks, offering in-depth analyses and actionable insights to optimize your project’s financial health and material efficiency.

 

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Our Specialized Audit Services: A Deep Dive

 

We recognize that each facet of project management requires dedicated scrutiny. Our audit services are tailored to provide granular control and eliminate potential financial and material discrepancies.

Your Assurance of Material Quality & Quantity

Procurement Audits

 

  • Detailed Specification Verification: We rigorously compare procured materials against project specifications, ensuring that quality and standards are met. This includes verifying material certifications, test reports, and compliance with industry standards.
  • Quantity Accuracy Assurance: We conduct thorough quantity checks, comparing purchase orders, delivery receipts, and site measurements to guarantee that you receive the exact amount of materials ordered.
  • Contractual Compliance Review: We examine procurement contracts and agreements to ensure that all terms and conditions are adhered to, minimizing the risk of disputes and financial losses.
  • Supplier Material Evaluation: We evaluate material delivery timelines, material quality, and adherence to contractual obligations.
  • Cost Control Analysis: We analyse the procurement process to identify areas for cost optimization, ensuring that you receive the best value for your investment.
Safeguarding Assets and Preventing Losses

Inventory / Store Audits

 

  • Physical Inventory Verification: We conduct physical stock counts and compare them with book records to ensure accuracy and identify any discrepancies.
  • Pilferage Prevention Measures: We assess inventory security measures and recommend strategies to minimize the risk of theft and loss.
  • Storage and Handling Assessment: We evaluate the storage and handling of materials to ensure that they are maintained in optimal condition and prevent deterioration.
  • Inventory Management System Review: We examine your inventory management system to identify areas for improvement and enhance efficiency.
  • Material Tracking and Reconciliation: We verify material tracking processes and perform reconciliation to ensure accurate stock records.
Optimizing Usage and Reducing Waste

Material Reconciliation Audits

 

  • Material Usage Analysis: We analyze material consumption patterns to identify areas of excess usage and potential waste.
  • Material Reconciliation and Reporting: We perform material reconciliation and generate reports to track material usage and identify areas for improvement.
  • Variance Analysis: We compare planned material usage with actual consumption to identify variances and determine their causes.
Ensuring Accurate Payment and Preventing Overcharges

Bill Verification

 

  • Progress Measurement Verification: We verify that billed quantities align with actual work completed, using site measurements and progress reports.
  • Rate and Cost Analysis: We analyze billed rates and costs to ensure that they are consistent with contract agreements and market rates.
  • Change Order and Variation Verification: We meticulously review change orders and variations to ensure that they are accurately calculated and billed.
  • Contract Compliance Review: We ensure that all billing practices comply with contract terms and conditions.

Why Choose Our Quantity and Billing Audit Services?

 

  • Expertise and Accuracy: Our team of experienced auditors possesses in-depth knowledge of construction and project management principles.
  • Transparency and Accountability: We provide clear and detailed audit reports, ensuring complete transparency and accountability.
  • Cost Savings: Our audits help you identify and prevent costly errors, saving you money and improving your bottom line.
  • Risk Mitigation: We help you minimize financial risks and ensure compliance with contractual agreements.
  • Customized Solutions: We tailor our audit services to meet the specific needs of your project.

Invest in Accuracy and Efficiency:

Our Quantity and Billing Audit services provide the assurance you need to manage your project finances and materials effectively. Contact us today to learn how we can help you optimize your project and achieve your financial goals.