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COST, FORECAST & DEFINED COST ASSURANCE

Independent assurance over cost, forecast and Defined Cost before decisions are made.

Mossbridge provides focused independent review where a client needs greater confidence in the current cost position, forecast exposure or the basis of Defined Cost being reported under NEC.

The review tests the reported position against commitments, records, forecast assumptions and the relevant Schedule of Cost Components, identifying areas where further evidence, correction or commercial action may be required.

The review can include

The review can be focused on the areas of cost, forecast or Defined Cost where management needs greater confidence.

Current cost and commitment position

Forecast reconciliation

Fee application

Supporting records and substantiation

Payment and recovery position

Supply-chain commitments and liabilities

Cost-to-complete and forecast assumptions

Defined Cost against the relevant Schedule of Cost Components

Disallowed Cost exposure

Change and compensation event exposure

Risk and opportunity allowances

When the review is useful

This review is suited to projects where:

The reported forecast is moving materially between reporting periods

Defined Cost requires audit or assurance

Commitments and liabilities are not fully reconciled

Supporting records do not provide sufficient confidence in the reported position

Management needs an independent view before a major commercial decision

There is uncertainty over Fee or Disallowed Cost

Change exposure is not clearly reflected in the forecast

What you receive

A concise assurance report setting out the principal findings, reconciliations, evidence gaps, potential exposure and priority actions. The agreed scope and information set are defined in advance so the review can be undertaken for a fixed fee.

If you would like an independent view of cost, forecast or Defined Cost, get in touch.


Relevant Project Experience
 

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