Internal Audit Series: Managing Construction Contracts

Presented on:
September 12, 2018 10:00 AM PT
1 hour

Is your organization working on or considering a new construction project? Inadequate or ineffective procurement practices as well as expenditure-management controls could present significant financial risks.

Join us for part two of our internal audit webcast series: Managing Construction Contracts.

We’ll address key challenges relevant to your organization and provide strategies for efficient project management, while helping to reduce noncompliant, excessive, and unsupported costs.

Discussion Topics

  • Common construction program exposures and cost implications
  • Best practices for addressing construction program exposures
  • Approaches for monitoring labor, equipment, and change orders
  • Guidelines for contracts and contract management
  • Expected savings from utilizing an outside cost auditor


Mark Steranka, Partner, Moss Adams

Mark has over 30 years of experience working with businesses, not-for-profit organizations, and governmental entities throughout the United States. He has directed and managed hundreds of consulting engagements during his career. Mark specializes in working with boards, councils, and senior management of organizations from a wide range of industries, including agriculture, architecture, construction, engineering, energy, financial services, government, healthcare, higher education, manufacturing, not-for-profit, retail, technology, and telecommunications. His areas of expertise include: strategic planning, succession planning, compensation benchmarking and design, internal and performance audits, and management organization, and operations assessments.

Stephen Bacchetti, Senior Manager, Moss Adams

Steve specializes in providing construction and performance audits for construction and capital improvement projects. He has had an active role in planning, managing and delivering on multiple performance audits that have resulted in significant control and reporting improvements and cost savings. He works closely with universities, K-12 school bond programs, hospitals, and federal contractors on construction and capital improvement projects ranging from millions to billions of dollars. He remains committed to helping ensure these projects have the best possible chance of meeting their objectives and stakeholder expectations.

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