Course Date: 
Wednesday, Jun 13, 2018 to Thursday, Jun 14, 2018
Course Time: 
8 am - 5 pm
Continuing Education Credits: 
16
Course Fee: 
$435
 
 
* This class is one of the optional class requirements for The Construction Purchasing Certificate Program.
To learn more about this certificate program click here
 

Target Audience:

This program is targeted towards buyers, contract administrators, project managers, or anyone who is charged with oversight of a construction project.


Course Description:

Audits usually make the person think of a financial audit to the exclusion of many other types and other valuable audit applications. This session is designed for the owner of a construction project to make them aware of and provide an understanding of the audit process. It will explain why audits are critical to owners of projects, supply manager and contract professionals. The session will teach you how to create an effective plan for the audit planning horizon. It also shows the managers where and how fraud can and does occur in areas and how that could be costing you and your company large amounts of money. It will identify the pros and cons of audits in construction and connected with other major contracts.

We are often concerned with and desire to validate that we are on budget and on schedule for major construction projects since this is the report that is requested by senior management on almost a weekly basis. Seldom do we perform an audit just to conduct an audit. 

The primary reasons for audits revolve around three primary aspects:

First. is to validate the project is in compliance with the identified contractual requirements.

Secondly, we can employ an audit to validate that the monies spent are in accordance to the rates, standards, milestone and activities as contracted.

Third, we often utilize an audit process to determine if there are issues with the contract from failure to comply with contractual requirements.

This session will introduce the participants to the myriad of audits available to professionals to assist them in better ensuring conformance, compliance an auditable process and best practices in contract and project management. Many of the other types we can employ are worker’s pay, rental equipment, overhead rates and multipliers, compliance, risk management, project management, purchasing, materials, cost tracking, manpower, subcontractor, representations and certifications, forensic, safety, and IT. Disaster recovery and close to thirty others will be shared and discussed.


Course Objectives:

At the conclusion of this course, participants will be able to:

  • Describe the audit process
  • Recognize why we must audit construction contracts
  • Contrast the advantages and disadvantages of audits
  • Identify what we should be auditing for
  • Create an audit plan and schedule
  • List a variety of audit types which could be applicable to construction contracts

 

(* indicates a required field)

Vendor I.D. for processing purchase order: #37217217217072

Warrant to be deposited in local funds.

(ex. 512-555-1212)
(Separate multiple emails with a comma)
(OPTIONAL/NOT REQUIRED)

If you have special accommodation needs due to a disability please contact us at 512-471-0820.

We will mail an invoice to the registrant at the address provided when registering. We do not need to receive payment prior to the event and we ask that you not bring payment with you to the event.

Payments can be mailed to the following address:

The University of Texas at Austin
Lyndon B. Johnson School of Public Affairs
Office of Conferences and Training
P.O. Box Y
Austin, TX 78713-8925

Please call 512-471-0820 with any payment questions.

TX Payee ID# 37217217217
FEI # 17460002037
To ensure proper credit when paying via direct deposit. PLEASE notify this office that you are paying via direct deposit BEFORE you process payment. Thank you.

Cancellation Policy
If you need to cancel your registration, your written cancellation notice must be received before May 1, 2018 in order for you to receive a full refund. Thereafter, cancellation notices received after May 1, 2018 and before May 30, 2018 will be charged a $65 administrative fee. If cancellation occurs between May 30, 2018 and the start of the class, you will be responsible for 50% of the original fee. If we do not receive written notice of cancellation prior to the event, you will be responsible for the full registration fee. You may send a substitute to the class. Cancellation notices should be emailed to lbjopdinfo@austin.utexas.edu. Phone messages do not serve as official cancellation notices.

Notice Concerning Your Information
The Texas Public Information Act, with a few exceptions, gives you the right to be informed about the information that The University of Texas at Austin collects about you. It also gives you the right to request a copy of that information; and to have The University correct any of that information that is wrong. You may request to receive and review any of that information, or request corrections to it, by contacting the University's Public Information Officer, Office of Financial Affairs, PO Box 8179, Austin, Texas 78713 (email: cfo@www.utexas.edu).