Baker Tilly | 1 CPE | Why small capital projects should be in your audit plan

Baker Tilly | 1 CPE | Why small capital projects should be in your audit plan

Small capital projects are perhaps the riskiest construction projects in your capital program. A recent small project audit uncovered contractor overcharges exceeding 15% of the project value, unapproved but billed change orders and significant owner project management failure. Conversely, this same owner’s large project audit had less than 0.50% of the project value in overcharges. How can the same facilities department have such polar opposite project performance results?

Construction contract audits aren’t just for the biggest and highest profile capital projects. Managing construction risk transcends all of the projects in a capital portfolio and deserves proper attention to avoid unnecessary expense and wasted capital. During this complimentary CPE webinar, we will discuss why small capital project risk is elevated and how to efficiently audit the capital and maintenance project portfolio.

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