Construction audit

Our core competencies

Together with the integration, globalization, and development of Vietnam's economy, the size and quantity of both foreign and domestic companies’ constructional projects become greater and greater. To ensure the efficiency of the capital investment, as well as quality management of the construction, works in Vietnam, the Vietnamese government has issued various legislation such as Law, Decrees, and Circulars to regulate the construction investment activities. At the same time, in the regulation process, the Government also has changes, amendments, and updates to suit the regulation practices and to ensure the management purpose.

The major risks that investors might encounter are as follows:

• The non-compliance of investment procedure with regulations, the increase in expense estimation, schedule overrun, dissatisfied construction quality
• Unclear, non-compliant bidding process; incompetent contractor; overlapped scope of bid package; incorrect bidding package price
• Incomplete design documents, incorrect quantity calculation; multiple adjustments and amendment of design, estimations
• Unclear, undetailed contract terms; non-compliant contract adjustment sequence; error in payment procedure; extended contract schedule; incorrect value of the final settlement
• Incomplete, incorrect quality management documents; mistakes in material management and distribution

Why RSM is the right choice for enterprises and businesses?

RSM’s experience in Vietnam

With more than 20 years of experience in Vietnam, we have established a specialized construction audit service which is the combination of financial audit and construction consultancy to meet the specific needs of domestic and foreign private-owned businesses including:

• Review the whole process of project execution (by project documents audit, site investigation) to claim for the loss & damages incurred by relevant parties
• Prepare detailed audit report with proper reasoning, arguments, and accurate evidence/data to protect the rights and benefits of Investor
• Identify significant problems (schedule, cost, quality, procedures) in project execution and make recommendations as lessons learned for Investor’s future projects

The values that RSM bring to you

RSM’s construction audit services will help investors save time and investment costs as well as provide the lessons learned about project management for the next projects. Besides, through our construction services, we will discuss with and consult investors about accounting and tax matters which relate to the project and your business activities; update investors on the changes in regulatory change via email, conferences, and in-depth analysis reports.

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