Project Start and Execution

• Verification of Budgeting, Cost to Company and other data elaborating cost of the project;
• Comparison of budgeted cost with actual cost in terms of quantitative and qualitative data and reporting of reasons of the same;
• Work Performance Comparison of Budgets with Actual and delayed cost analysis if required.

Material Procurement

• Identifying, Implementing and Improving Internal Controls for procurement of materials;
• Checks implemented before and at the time of unloading of materials;
• Fixes responsibility and authority for the material inward transactions;
• Whether detailed SOP is followed in spirit at the site or not and what are the various deviations from the SOP;
• Impact of the deviations and strategy to overcome those deviations.

Sub-Contractor

• Identifying key areas in relation to sub- contractors, like appointment, work execution chart and payment details etc.;
• Identify deviations and improvement from the SOP of the same;
• Emphasis to track the trails of transactions and follow the agreement conditions in true spirit at the sites;
• Device strategy to implement control on sub-contractor payments, within the parameters of operation so as not to hinder the objective of business.

Sub-Contractor Reconciliation

• Verification job assigned to the sub-contractor with actual job done by sub-contractor;
• Mechanism of sub-contractor appointment with allocation of jobs;
• Approval mechanism of Sub contractor from client if any;
• Comparison of quantitative data of sub-contractor with work execution chart or client bill;
• Approval mechanism of deviations from the agreed job and rates if any.

Material Reconciliation and Physical Inspection

• Reconciliation of specific Materials with the design and drawings;
• Identify the deviations between theoretical consumption vis-à-vis actual consumption;
• Identify probable areas and reasons where deviations occurred.

Others

• Others include similar controls for SHUTTERING, EMPLOYEES PAYMENTS, DIESEL, PLANT AND MACHINERY etc.