Construction Audit Series - Understanding Construction Contracts

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Construction Audit Series - Understanding Construction Contracts

Learning Objectives

To identify different types of construction contracts.
To analyze strategies to determine if you are using the right type of contract.
To discuss what needs to change to make contracts stronger.
To discuss with the legal department the necessary changes.
To analyze why legal sign-off may not be good enough.

Course Description

This webinar is a part of the Construction Audit Series by Denise Cicchella!

US Bureau of Labour Statistics shows that as of January 2020, there were $7.59M people working in the construction industry. In addition, data from the Association of General Contractors of America shows that the construction industry has more than 600,000 employers in the US and creates nearly $1.3 trillion worth of structures each year.

A construction contract is an agreement between a client who wants construction done and a general contractor. This type of contract details the contractor's scope of work, including their right to subcontract any of the work, how and what they will charge for the work, and any applicable plans or work orders.

A strong construction contract should outline the scope of the project in as much detail as possible to leave little to no room for confusion on either side. This type of contractor often includes individual documents that detail the various aspects of the project, such as who will be responsible for performing certain tasks, the expected project timeline, payment terms, and cost requirements.

Reading a construction contract can be a long-drawn-out process. Understanding what you read can be just as hard. This CPE webinar will give you the basics so you can understand the contracts. We will also look at the risk of using template contracts and teach you how to change the wording to give you more control.

The following are the major topics covered in this CPE Auditing course:

Construction contracts
Construction documents
Types of Construction Contracts
Templates of construction contracts

Webinar Qualifies For

2.5 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2.5 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
2.5 CPD Credit of Auditing for CPA in Canada
2.5 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2.5 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2.5 CPE Credit of Auditing for Certified Management Accountants (CMA)
2.5 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
2.5 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2.5 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2.5 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
2.5 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
2.5 CPD Credit for Chartered Accountant - ICAEW
2.5 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
2.5 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
2.5 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
2.5 CPD Credit for Chartered Accountants - Scotland
2.5 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
2.5 CPD Credit for Chartered Accountants - Ireland (CAI)
2.5 CPD Credit for CPA - Ireland
2.5 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
2.5 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
2.5 CPE Credit of Auditing for Certified Controls Specialist (CCS)

About Instructor

Denise Cicchella

Founder & CEO, Auspicium

Denise Cicchella is a recognized expert in construction audit, protecting owners from the overpayment of construction costs due to error, negligence or fraud.

Dense is a Certified Internal Auditor, Certified Fraud Examiner, Certified Construction Auditor, Project Management Professional and Fellow of the Life Management Institute. She holds an MBA in International Business from Fairleigh Dickinson University and a BBA in Accounting from Loyola University. She is the Founding President of the New York/New Jersey Chapter of the National Association of Construction Auditors. She has audited and led audit teams for small construction project as well as multi billion dollar projects.

She is an experienced trainer and can often be seen teaching domestically and internationally.

Additional Information

Duration

2.5 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.1

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Sukhwinder Bhela, CFE, CISA, CPA (US), CGMA, CRISC

Excellent content, great tips and recommendations for reviewing Construction contracts. This will be valuable resource for a Construction audit that I will be starting soon. Highly Recommended!

Bwizu Siamachila, CFE

Exciting and befitting CPE. More importantly succinct and easy to follow.

Mary Nicks, CPA (US)

Great webinar. Information shared was relevant and interesting.

Anthony Cofone, PMI-PBA

Great speaker. Very informative!

Prasad Paranjape, CIA

Informative

2.5 Credits

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Subject Area

Auditing

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Construction Audit Series - Understanding Construction Contracts

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Denise Cicchella

Other Details

Additional Information

2.5 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.1

Sukhwinder Bhela, CFE, CISA, CPA (US), CGMA, CRISC

Bwizu Siamachila, CFE

Mary Nicks, CPA (US)

Anthony Cofone, PMI-PBA

Prasad Paranjape, CIA

Subject Area

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