Forensic Contract Auditing
Forensic Contract Auditing involves a both a physical and desktop audit. From Contract to Invoice, we review all cost inputs and identify any pricing errors or extraordinary profits. These audits also provide an insight into outsourced agreements and often highlight issues that are hidden from management, especially in “open book agreements”. Besides the vendor (prime contractor) we review the input (invoices) of the vendors that service the primary contractor.
Fraud / Mismanagement
Often as fallout of a thorough Forensic Contract Audit, we identify areas that appear to be fraudulent at worst, or at the very least, mismanagement. Our company can work through the process to limit any potential damage financially and operationally. This includes the people management component.
Category Defined Costing – CDC
Category Defined Costing are Categories that the price or base cost is transparent and only the margin or profit is negotiated. Good examples of CDC are: Labour Invoiced Rates and Fuel.
For ongoing contract compliance and review, ACX provides a Contract Management service. Contract Management is provided for significant mission critical vendors or when dealing with hostile (rogue) suppliers.
ACX provides: client generated, selective training modules tailored to meet any gaps identified through our assignment.