Turnaround/Outage/Infield Construction Audits

Our Turnaround/Outage/Infield Construction Audits deliver assurance of contract compliance with hard-dollar cost recovery.

 

Revenew’s in-depth Turnaround / Outage / Infield Construction Audits deliver contract compliance, cost validation, reporting, cost avoidance and recovery for our clients. We ensure that costs are properly incurred, identified and allocated. We provide greater transparency into reporting and cost control. Prime contractor and sub- contractor contracts and billing practices are tested and evaluated to industry best practices. Field testing and observations occur in a real-time environment. High-risk and high-dollar activities are subject to stop-and-go or intermittent audit and review throughout the construction period.

• Improved transparency into cost and budget calculations and assessments

• Hard-dollar recovery of prime and sub-contractor overcharges

• Real-time audits reveal detrimental practices and replace with best practices

OUR AUDIT PROCESS

We conduct a thorough review of all expenditures with an individual review of contract terms and conditions on selected agreements with key suppliers and contractors. This includes line-item analysis and review of invoices, monetary transactions, purchase orders and related documents, validation of price/volume and confirmation that contract provisions have been accurately translated. Thereafter, cost reduction and contract improvement opportunities are identified and presented, along with identification and recovery of over-payments and business concessions that translate to prospective savings.


Revenew’s audit programs ensure that our clients are accurately charged and receive their full entitlements under established supplier agreements.

“The success has been enormous. In less than three years, Revenew helped us to recover $17 million gross!”

 

Audited Activities

  • Fit Tests
  • Drug Tests
  • DOT Certification
  • Testing to determine I-9 Status
  • Per Diem
  • Lay Down Sites
  • Storage Yards
  • Moving Equipment on/off Site
  • Hourly Rates
  • Hours Invoiced
  • Job Reclassification Frequency
  • Shift Differential
  • ST/OT/DT Calculations
  • Holiday Pay
  • Administrative/Overhead Resources
  • Home Office Support
  • Small Tools & Equipment Reimbursement Consumables
  • Weights & Measures
  • Fuel Escalation & Delivery
  • Taxes
  • Hours Authorized/Timesheet
  • Materials Billed
  • Rates & Markups
  • On Site High Rescue
  • Inspection Services
  • Scaffolding Services
  • Pile/Foundation Services
  • Rigging