Project Audit & Insolvency Services
If your project is experiencing difficulties or a main party to the contract has terminated owing to financial difficulties, Mascot with their experience in construction, project and cost management, are ideally placed to assist.
Project Audits are undertaken where projects are experiencing difficulties to ascertain the cause of the problems and recommending actions to get the project back on track. This will include a review of the status of the project in terms of design, construction, contracts, warranties etc as well as a thorough review of the systems and processes employed and interviews with all relevant parties.
When a main party to a contract falls into financial difficulties and their employment under the contract is terminated, Mascot can respond very quickly to develop a strategy for completion of the project, resolve all financial matters such as valuations, claims and payments and manage the construction process to project completion.
These roles may include:
- Confirmation and verification of the current status of the project in terms of design, financial and construction
- Review of the status of building contracts, warranties and insurances
- Review of the construction programme
- Valuations of main contract and sub-contract works
- Analysis of payments made to date
- Project appraisals to determine the most beneficial solution Review of Statutory Consents
- Review of Project Organisation, roles and responsibilities
- Review of existing systems and procedures, lines of communication
- Report and recommendations on the way forward
