Cost
Assurance

Chartered Accountants providing cost assurance on major open book contracts

Cost
Assurance

The Orange Partnership

Cost Assurance

Once a major construction contract is underway, it can often be hard for clients to genuinely monitor and understand the level of charges due to the sheer scale of data which supports it. The cumulative effects of overcharges resulting in significant cost overruns is not uncommon.

Our expertise in forensic accounting, coupled with our unique data analysis methods and deep knowledge of NEC contracts, allows us to identify areas of concern quickly and effectively. This specialised approach forms the foundation of all our reviews.

With 20 years of experience conducting over a thousand defined cost audits on the top 20 UK contractors, we have gained extensive insights into construction industry practices and common abuses of construction law. Even the slightest inconsistencies alert our teams to identify and explain such anomalies. However, our pragmatic, risk-based approach ensures that we focus only on the most critical areas, saving our clients both time and money.

Benefits to you

  • You can be confident in our opinions and outputs. We are the recognised UK experts in cost assurance on major contracts
  • Our approach and service is assured by the ICAEW and BSI ISO 9001
  • Our people are typically qualified accountants with in-depth construction commercial and NEC contract knowledge. Our collaborative approach helps develop a supportive client, supplier and audit relationship
  • You will gain a detailed understanding of defined costs which will enable your cost reduction efforts to be targeted at those areas where they will have most effect
  • Control weaknesses in processes will be identified, and pragmatic actions agreed in order to minimise future overcharges
  • Our unique methodology enables us to identify areas of concern quickly – saving you time and money

How we can help

  • Forensic deep dives: all costs or select cost components
  • People rate actualisations: back to defined cost
  • Subcontractor reviews: independent reviews of high value, high risk second tier subcontractors
  • Project overspend reviews
  • Process compliance reviews: to assess change, forecasting, subcontract procurement, helping pin point the root cause of overspends or spikes in cost
  • Final account support: building the right level of record support and assurance to help your Project Managers sign off quickly at project completion

Specialist Knowledge

Sector Expertise

Who we work with

Our Clients

National Highways
EDF Energy
Southern Water
Heathrow Airport
Sellafield

Key Contacts

Our People

Darren Ward

"What makes us different to other consultants is that we understand numbers and financial controls as well as construction."

Darren Ward

Managing Director

Contact

T: 07970 809303 / 01926 358339
E: darrenward@theorangepartnership.co.uk

Expertise

Defined cost audit strategy / Complex commercial issues
Mega project audit programmes / Defined cost training and workshops

John Taylor

"Data visualisation is an incredibly powerful tool. Used intelligently it can uncover insights and anomalies that might otherwise go unnoticed"

John Taylor

Director

Contact

T: 07811 128682 / 01926 358339
E: johntaylor@theorangepartnership.co.uk

Expertise

Complex data reconciliation and consolidation / Data analysis and visualisation
Audit programme development / NEC contracts