A construction contract audit is an independent examination of a construction vendor to determine whether they comply with the terms of the contract, to evaluate the adequacy of internal controls over the construction project, to verify the propriety of the amounts paid for the project, and to determine that assets are properly classified.

The construction contract audit process is an important part of ensuring that construction projects are completed on time and within budget. By conducting regular audits, owners and contractors can identify and correct any potential problems before they become costly overruns.

This tool contains three sample work programs that you can use to build your own construction contract audit.