Project cost audits are the verification of cost records and accounts, and a check on adherence to prescribed cost accounting procedures and their continuing relevance.
Exponent assists its clients in conducting a project cost audit in order to determine that all of the costs are in line with approved and/or agreed upon amounts as defined in the contract. Our Construction Consulting professionals have the experience and expertise to drill down into the detailed project records and validate the cost.
Performance audits entail an objective and systemic examination of evidence to provide an independent assessment of the performance and management of a program against objective criteria as well as assessments that provide a prospective focus or that synthesize information on best practices or cross-cutting issues.
Exponent assists its clients in conducting project performance audits to identify, assess, and quantify the “deltas” between a variety of as-planned vs. as-performed metrics in determining the root cause(s) of any/all such “deltas.”