Construction companies and construction project owners face a higher risk of corporate fraud and extra cost claims than businesses operating in other industries. The very nature of construction, which is usually a one-off event that relies on third-party contracting, creates significant opportunities for things to go wrong and remain undetected.
Controlling construction fraud and/or extra cost claims requires planning, discipline and expertise. Build your company's case with the Grant Thornton LLP construction forensics and litigation team, whose tools are objectivity, procedural thoroughness and complete confidentiality.
For additional information or an initial discussion of your situation, please contact:
Jim Schmid
National Director of Construction Forensics
248.233.6910
Replay archived webcasts
5/6/10 Top ten reasons for construction project budget disasters
Construction projects frequently cost significantly more than planned. Learn the top ten reasons construction costs often exceed construction budgets. Get practical advice from a construction manager, construction attorney and a construction accountant on how to avoid and/or mitigate unanticipated construction cost pitfalls or “budget disasters.”
2/18/10 Construction contract close-out: accounting and compliance
On February 18, Grant Thornton LLP held a construction fraud webcast intended to help you understand the activities that need to be planned and implemented in order to protect the interests of the owner and safeguard the assets of the organization. We covered the following critical topics:
- Contract clauses needed to help the owner during the close-out process Project billing procedures that lessen close-out audit requirements
- Suggested close-out audit procedures
- Red-flags warning of problems during the close-out process
Now this insightful presentation is available for replay.
Previous webcasts that can help you stay on top of cutting-edge issues facing the construction industry.
3/12/09 Top ten construction project fraud schemes
6/11/09 Construction contract terms critical to mitigating fraud in the payment process
10/29/09 Owner internal controls critical to subconstractor selection, buy-out and changes
Grant Thornton Thinking webcasts, white papers and publications will keep you updated on your industry and the complex regulatory environment where you operate. For more information, visit us at Grant Thornton LLP - Grant Thornton Thinking. To contact us or to have a Grant Thornton professional contact you, please fill out this form.
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