Construction Audit & Cost Advisory Services

Services

Keep your construction project aligned with your objectives and timeline, stay on budget and mitigate financial risks throughout your entire project life cycle.

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Our Approach

Navigating the intricacies of a construction project while also tracking and controlling costs can be overwhelming. Projects can quickly spiral out of control, resulting in cost overruns, costly change orders and even contractor non-compliance and fraud. We can help you rein in project complexities and financial risks by providing oversight and identifying potential overcharges (we typically see an average of 4-6% in overcharges) and opportunities for cost avoidance and recoveries.

Benefits

Getting project cost advisory assistance from the project outset will help you avoid costly roadblocks, stay on schedule and ultimately save money on the project. Construction project cost advisory professionals deliver three major benefits to your organization.

Improved Financial Security
Our construction experts ensure the financial piece of the project is being well-managed and monitored, by verifying costs and reviewing the cost structure. This saves your organization time, money and effort.
Increased Savings
Engaging an experienced construction advisor early in the project typically results in greater cost avoidance and more savings than a stand-alone, closeout audit. Our clients typically realize $5 in savings for every dollar spent on project cost advisory services.
Enhanced Compliance Monitoring
Bringing an advisor in during the early stages of construction will also help you mitigate risk and ensure your rights under the contract are protected. We safeguard you against contract breaches and alleviate the burden of making sure the project adheres to complex contract nuances.

Establish Oversight, Strengthen Controls and Mitigate Risk

Set Guardrails

Create needed guardrails for your construction project by establishing oversight. An outside construction project cost advisor brings an objective set of eyes to look at contract terms, identify overcharges and examine financial control procedures to make sure they’re functioning properly. With the peace of mind of additional financial oversight and controls, the project team can focus on other aspects of the project.

Your Trusted Advocate

Project Cost Advisory Services for All Phases of Construction

We act as the owner’s advocate through the entirety of the project, from pre-construction all the way through project close-out. No matter where you’re at in your project lifecycle, we can step in to provide the support you need to help you cross the finish line. Our fees are tailored to match your specific project needs – so you’ll never have to worry about unnecessary spending on a one-size-fits-all approach.

Project Risk Assessment
Construction Contract Assessment

Change Order, Contingency & Allowance Assessments
Pay Application Assessments

Project Close-Out Assessment
Process Improvement Recommendations

Project Safety Assessment
Project Management & Cost Control
Project Cash-Flow Tracking & Analysis
Subcontractor-Specific Audit & Advisory
Project Cost-Segregation Studies
Tax Credit Analysis

Testimonials

For more than a decade, we have relied on Armanino Advisory for construction audit services. The team’s professionalism, expertise, and commitment to transparency have made them a trusted partner in our construction operations and to our internal audit team. We highly recommend Armanino Advisory to any organization looking for reliable audit services.

Kathy Gaytan, MBA, CPA, CISA

Executive Director of Compliance & Audit, Washington University in St. Louis

Since 2011, Armanino has assisted the St. Louis Metropolitan Sewer District (the District) with performing its ongoing internal audit function…Armanino's assistance and expertise has greatly helped the District improve and strengthen the processes and controls over this very large system construction and improvement initiative.

Todd A. Loretta, CPA

Internal Audit Administrator, St. Louis Metropolitan Sewer District

[Armanino] has been crucial to helping the City rebuild processes and functions… The team blended smoothly into our workforce, meeting our team where we were, and walking together through our work. This collaborative and people-centric approach allowed our team the space to comprehend, dialogue, and work through our needed improvements to greater success.

Eric Peterson

Assistant City Manager/Director of Finance and Administration, City of Webster Groves

The Armanino Construction Project Cost Advisory experts brought a wealth of experience to the audit. They were not only able to offer valuable insights on the design and operating effectiveness of operational controls in construction and design, but also provided industry best practices and recommendations that will prove beneficial to us for years to come.

VP, Controller

Austin, TX

Our experienced construction experts, cost control professionals, project managers and engineers are focused on strengthening your financial controls and saving you money. Our team also includes Certified Construction Auditors (CCAs) and Construction Control Professionals (CCPs), providing you a higher level of specialized expertise to ensure that you are contractually protected and your project succeeds.

Industries

Any organization undertaking a construction project is exposed to immense financial risk and potential control gaps that differ across industries. Have more confidence in the security of your financial controls by partnering with a team with extensive experience supporting construction projects in an array of industries.

Partner

Ron Steinkamp

Ron has over 30 years of experience in internal audit, construction audit, and fraud prevention and detection.

St. Louis, MO

Managing Director

Robert C. Hardy

With expertise in construction management and corporate construction, Bob helps clients with construction audits.

St. Louis, MO

Senior Manager

Laura Fox

Laura works at the firm’s St. Charles office serving Risk Assurance & Advisory Services clients.

St. Charles, MO

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Resources

Article

5 Best Practices for Managing Your Construction Company’s Cash Flow

Optimize treasury management to sustain and grow your business without running out of cash.

September 17, 2024

Case Study

Tornado-Damaged Hospital Keeps $300M Rebuild on Time and Under Budget

Facing a full hospital rebuild after an EF5 tornado, Mercy turned to Armanino to keep project costs in line.

January 30, 2024

Article

Payment Application Best Practices for Construction Projects

Validate costs, retain investor confidence and ensure contract compliance throughout your construction project.

December 22, 2022

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Drive Project Success

To learn more about how we can help you navigate complexities and set your project up for success, reach out to our experts and we’ll get back to you promptly.

Construction Project Cost Advisory

Driving Value

Positioning Your Project for Success

Project Cost Advisory Services for All Phases of Construction

What Our Customers Are Saying

Ready to Take Financial Control of Your Construction Project?