We carefully evaluate the price agreements (Lump Sum, Guaranteed Maximum Price, CM at Risk, Fixed and Unit Price, Time and Materials, Cost Plus), review bills, Manage multiple payments (in accordance with the agreements between the parties), Mitigate ongoing/ perceived losses, Control project Funding and many more. We also assist client with the identification of overpayments, losses and other revenue expenditure that may occur due to the complex interconnected network of contracts and entities.
We also make sure that Safety, Billing and Quality Audit is done with 100% efficiency.
a). Safety Audit: Fairwood PMC provides an independent audit of a contractor’s on-site health and safety procedures / processes, including compliance with legislative requirements.
b). Billing Audit: At Fairwood PMC, we make sure all contracts with customers were fully investigated to find ways of delivering better value for money. Areas of interest included timing of billing, customers billing procedures and automation of billing systems.
Our work ensured no money was lost due to lapse and delayed billing procedures. We also ensured all processes were fully documented and thus fully traceable.
c). Quality Audit: The purpose of this work program is to provide the general steps used to perform a quality assurance audit. This document provides audit steps that include procedures for the review of materials receiving, subcontractor quality control, metrology and calibration, and quality assurance data.