Super Early Bird Fee

Register and Pay
by 26 Jul '19

Early Bird Fee

Register and Pay
by 23 Aug '19

Regular Fee

Register and Pay
after 23 Aug '19

$1,395.00(USD) $1,545.00(USD) $1,695.00(USD)

Group Discount! Enjoy 10% off when you register for 3 or more
or
For groups of 3, 4th comes for free

IMPORTANT NOTES
  1. Super Early Bird and Early Bird promotion: Discount will only be valid if payment is received by the stipulated date.
  2. Group discount only applies to registrations from the same company, attending the same event in the same country location. Delegates must register at the same time and be of the same billing source. Only a single invoice will be issued.
  3. Only corporate registrations will be accepted.
  4. Bank charges & taxes are to be borne by registrants, if applicable.
  5. Full payment is mandatory upon registration for admission to the event.
  6. Walk-in delegates will only be admitted on the basis of space availability at the event and with immediate full payment.
  7. Fee includes lunch, refreshments and event documentation.
  8. The organiser reserves the right to make any amendments that it deems to be in the interest of the event without any notice.
  9. Information provided will be used for event administration and updates on upcoming events. For more details, please visit: http://www.conferences.com.sg/personal-data-protection-statement/

CANCELLATION & REPLACEMENT

A replacement is allowed if registered participants are unable to attend. For cancellations received in writing before 23 Aug 2019, a full refund will be given with a 10% administrative charge. For cancellations received in writing before 2 Sep 2019, a 50% refund will be given together with the event documentation. There will be no refunds for cancellations received after 2 Sep 2019 or “no show” participants. However participants will receive a copy of the event documentation.

45% of all construction projects fail to meet their completion date and budget*. Establishing strong governance processes, project oversight and controls are critical to mitigate project risks. However with increasing project scale and complexity, lack of transparency in project reporting, and limited project experience, auditing construction projects can be a challenge.

Adopt an Effective Project Governance & Audit Framework

Join this 2 day practical workshop to acquire the latest approaches in construction projects audit and risk management. Understand construction contract types, project delivery methods and contractual risks. Adopt project controls best practices and develop effective internal project governance procedures. Learn how to audit construction costs and conduct ongoing monitoring. Discover how to manage the risks of change orders and cost overruns.


Unique Features

    • Led by Adam Rouse, Director, Construction Advisory & Consulting Services, BDO USA
    • Case studies from healthcare, hospitality, oil and gas, government, retail, higher education, wholesale
    • Lessons learnt from failed project controls in real-life construction projects
    • Industry best practices in project governance and reporting

Benefits of Attending

  • Understand the challenges with establishing transparency in construction projects
  • Assess the pros, cons and risks with common construction contract types
  • Hear how to avoid contract ambiguity and set owner friendly contract clauses
  • Acquire best practices in managing project risks and reducing the number of change orders
  • Adopt practical suggestions to alleviate commonly identified issues in duties segregation
  • Find out how to store and leverage data collected throughout the project duration
  • Discover how to conduct a project risk assessment and implement proactive measures
  • Determine the most effective and efficient timing to perform audits at each project phase
  • Learn how to scope a construction audit engagement and level of hours needed
  • Assess change orders, determine change order merits and change order contract compliance
  • Examine how to grade the success of the project and evaluate contractors and vendors
  • Analyse the process of reconciling final project costs and shared savings
  • Avoid common pitfalls when handling contingencies, allowances, deposits, rebates
 

Workshop Leader

Adam Rouse

Director, Industry Specialty Services – Construction,

BDO USA

IA30-BDO

 

Adam Rouse is a Director in the Industry Specialty Services (ISS) group at BDO USA, LLP where he focuses on construction advisory and consulting services.

 

For more than 10 years, Adam has been helping clients navigate the complexities of construction projects. He regularly assists clients in the recovery of millions of dollars from contract cost audits. He also supports clients with reviews of current business practices in order to identify and implement process improvements which result in cost avoidance. Adam’s expertise includes: cost monitoring, subcontractor contracting and monitoring, operational reviews, job site visits, project close-out, construction contract modifications, process enhancement services, integrity monitoring, dispute resolution and more.

 

Adam has performed advisory work on construction projects ranging from $1 million to $8 billion in a variety of industries such as government, retail, wholesale, higher education and healthcare with projects spanning from coast-to-coast. Adam is a frequent speaker at professional conferences and webinars related to construction auditing, consulting and best practices.

Who Should Attend

Senior level executives responsible for Internal Audit, Risk Management, Finance, Legal, Compliance, Project Management

 

Agenda

  • Registration: 8.30am • Workshop: 9.00am – 5.00pm
    Morning, afternoon refreshments & lunch will be served at appropriate intervals.

  • Session 1: Construction Basics

    • Understanding the challenges with establishing transparency – Open book principle
    • Payment applications and the benefits of using technology
    • Trends and challenges in the construction industry
    • Setting the rules/learning the contract
  • Session 2: Construction Contracting – Contract Types, Project Delivery Methods

    • Pro, cons and risks associated with commonly utilised construction contract types
    • Understanding who is actually “at-risk” despite contract terms
    • Template construction contracts vs. home-grown
    • Contract ambiguity and owner friendly clauses
  • Session 3: Project Controls

    • Best practices to proactively manage project risks and reduce the number of change orders
    • Evaluating and developing internal project governance procedures
    • Benefits of leveraging someone removed from the construction project team
    • Segregation of duties; practical suggestions to alleviate commonly identified issues
    • How to store and leverage data collected throughout the duration of the construction project (from paper files to electronic)
    • List of procedure documents to have in place
  • Session 4: Auditing Construction Costs & Ongoing Monitoring

    • Establishing criteria to evaluate multiple construction projects (which projects are higher risk than others)
    • Common project delays and how to stay ahead of those
    • Construction project risk assessment and proactive measures
    • How to audit construction projects and oversight that can be performed during each phase of construction
    • How to scope a construction audit engagement and estimate of hours needed (level of effort)
    • Vendor and consultant evaluations; timing and how to evaluate
  • Session 5: Biggest Risk – Change Orders

    • How to assess change orders
    • Examples of change orders outside scope
    • Determining change order merit
    • Change order contract compliance and new/modified labour and equipment rates (how to benchmark)
  • Session 6: Project Closeout/ Final Cost Reconciliations

    • Grading the success of the project
    • Evaluating contractors and vendors
    • Process of reconciling project costs and shared savings
    • Construction project official file (procurement files through closeout)
  • Session 7: Common Cost Overruns/ Construction Cost Recoveries

    • Examples of construction projects where controls failed and how to prevent these within your organisation
    • Practical advice on hourly allowances and labour burden
    • Contingencies, allowances, deposits, rebates: How to handle and common pitfalls

*https://www.isaca.org/Journal/archives/2016/volume-3/Pages/maximize-value-adopt-a-flexible-approach-to-auditing-major-projects.aspx