Proactively Control Construction Costs & Minimize Financial Risk
Procurement leaders face the challenge of optimizing resources while ensuring projects stay on schedule, within budget, and meet quality standards. Our construction audits go beyond traditional oversight, leveraging our expertise to proactively review and validate project costs, prevent financial leakage, and secure optimal contract terms. The dedicated PRGX construction audit team expertly manages the complex intersection of contracts, costs, risks, and timelines—from initial contracts through project completion.
PRGX Construction Audit & Contract Compliance: By the Numbers
200 + Projects
Over the past 3 years, we’ve audited more than 200 projects and $27 billion in construction costs.
27 Billion Dollars Audited
1 % Savings
Our audits consistently result in savings between 0.25% to 1% of total project costs.
Specialized Audits Tailored to the Complex Construction Environment
Our construction audit specialists partner with your pre-construction, legal, and project management teams at every stage of your project, from the RFP preparation and contract negotiation to the final invoice certification, ensuring continuous cost control and risk mitigation.
Get Smarter Contracts
PRGX DOESN’T STOP AT MITIGATION & RECOVERY
Enhanced Transparency & Contractual Certainty
Our team proactively reviews draft construction agreements to identify and address:
- Contradictory or conflicting terms
- Vague or ambiguous contract language
- Unaddressed or inadequately addressed risks
- Opportunities to embed best practices and industry-standard controls
Beyond Cost Recovery: Proactive Cost Control
- Auditing labor rates prior to agreement approval, typically reduces labor costs by 20% to 50% and general condition charges by up to $800,000.
- Auditing insurance markups before contract signing, reduces insurance charges by 40% to 75%.
- We incorporate contractual terms that effectively control and safeguard the use of allowances and contingencies.
- Validating all cost assumptions from Developers, GCs, and Subcontractors ensures accuracy and transparency.
Audits Tailored to All Construction Projects & Contracts
| Project Types | Contract Types |
|---|---|
| Retail store retrofits | GMP (Guaranteed Maximum Price) |
| New retail store builds | CMAR (Construction Manager At Risk) |
| Hotel & hospitality construction | Lump sum agreements |
| Hospital & healthcare facility construction | Tenant Improvement agreements |
| University & educational campus projects | Lease agreements |
| Corporate campus & office developments | Design-Build (DB) agreements |
| Distribution center & warehouse builds | Cost Plus agreements |
| Data center construction | Time and Materials (T&M) agreements |
| Manufacturing & industrial facilities | Unit Price agreements |
| Airport & transportation infrastructure | Integrated Project Delivery (IPD) agreements |
| Cold storage & refrigeration facilities | Developer agreements |
| Stadium & entertainment venue construction | Public-Private Partnerships (P3) |
| Casino & gaming facility construction | Build-to-Suit agreements |
| Multi-family residential complexes | Construction Management (CM) agreements |
| Mixed-use & commercial developments | Master Service Agreements (MSA) |
| Parking garage construction | Joint Venture (JV) contracts |
| Infrastructure & capital projects | Infrastructure Development Agreements |
| (CRA) Cost Reimbursable Agreement | |
| General Contractor (GC) agreements |
PRGX Construction Services FAQs
What are PRGX Construction Services?
What can be done before a contract gets signed?
What can be done during your construction project?
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What are the benefits of the PRGX construction Services program?
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Featured Resource
Five Best Practices for Renegotiating Supplier Contracts
Learn how to navigate the complexities of supplier agreements, ensuring you harness every ounce of value from your procurement processes.
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