Direct construction cost audit toolbox

Experienced construction audit professionals discuss issues, tools, and resources for auditing direct construction costs. Presenters utilize case studies from real construction projects to apply the auditor’s toolbox and demonstrate the value of auditing direct construction costs. These case studies highlight:

• Direct labor rate analytics
• Labor resource utilization
• Equipment utilization
• Burden analysis

Key learning objectives:

• Learn how to identify direct labor cost control weaknesses, contract billing variances, and potential overcharge situations
• Learn how to decompose labor burdens
• Gain the knowledge to overcome documentation and information gaps
• Understand how to apply analytics to evaluate equipment utilization and efficiency

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