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The Construction Audit & Cost Control Institute Shares Ten Things to Consider When Contracting with MEP's on a GMP Basis
Date:3/30/2013

aningful competitive bidding. Note: Related party sub-subcontracts should be GMP contract arrangements with agreed upon limits on FEE payable to the related party sub-subcontractor.

Unless properly addressed, the impact of these potential “hidden profit” cost factors on a $50 Million cost plus fee GMP subcontract could improperly add $5 million to the amount paid to the GMP subcontractor.

These concepts and other key construction audit and cost control topics will be discussed in detail at the following construction audit seminar that will be held October 7-8, 2013 at the Dallas/Plano Marriott.

2 day Seminar - "Effective Auditing of Construction Activity"

The Construction Audit and Cost Control Institute (CAACCI) has been providing public offering and in-house professional development training seminars in affiliation with Courtenay Thompson & Associates since 2008. The principal instructors (Courtenay Thompson and Rich Townsend) have been providing construction audit and fraud professional development training to management and auditors for over 20 years.

For more information on the Construction Audit & Cost Control Institute please visit: http://www.caacci.org

Read the full story at http://www.prweb.com/releases/construction_audit/audit_training/prweb10583222.htm.


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