2006Unpublished venueRequires access

Conducting useful contract audits for pavement marking

R Ridings

Open publisher page 0 citations

Abstract

The pavement-marking environment is significantly different from that of a few years ago. There have been significant changes, and indeed these changes are still occurring. In both traditional method based contracts and the newer performance based contracts, there is the impact of new materials and application processes. This changing environment can make it difficult for RCA's and contractors to make decisions, or determine robust policy positions. In addition, there is an increasing legislation requirements which place the Principal at risk if the Contractor is unaware of their duties, or is negligent in carrying them out. Stakeholders faced with making these decisions require factual information to enable decisions to be made effectively. A one-off contract audit, or a properly designed and managed ongoing audit programme is the most cost effective and efficient means of providing the facts required. Audits provide a series of snap-shots in time, which can then be used to produce a representative view of the industry / project.

About this research paper

What this paper is about

The pavement-marking environment is significantly different from that of a few years ago. There have been significant changes, and indeed these changes are still occurring. In both traditional method based contracts and the newer performance based contracts, there is the impact of new materials and application processes. This changing environment can make it difficult for RCA's and contractors to make decisions, or determine robust policy positions. In addition, there is an increasing legislation requirements which place the Principal at risk if the Contractor is unaware of their duties, or is negligent in carrying them out. Stakeholders faced with making these decisions require factual information to enable decisions to be made effectively. A one-off contract audit, or a properly designed and managed ongoing audit programme is the most cost effective and efficient means of providing the facts required. Audits provide a series of snap-shots in time, which can then be used to produce a representative view of the industry / project.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The pavement-marking environment is significantly different from that of a few years ago. There have been significant changes, and indeed these changes are still occurring. In both traditional method based contracts and the newer performance based contracts, there is the impact of new materials and application processes. This changing environment can make it difficult for RCA's and contractors to make decisions, or determine robust policy positions. In addition, there is an increasing legislation requirements which place the Principal at risk if the Contractor is unaware of their duties, or is negligent in carrying them out. Stakeholders faced with making these decisions require factual information to enable decisions to be made effectively. A one-off contract audit, or a properly designed and managed ongoing audit programme is the most cost effective and efficient means of providing the facts required. Audits provide a series of snap-shots in time, which can then be used to produce a representative view of the industry / project.

Key concepts: Audit, Principal (computer security), Legislation, Business, Risk analysis (engineering), Operations management, Accounting, Computer science

Related papers

Back to paper searchBrowse research topicsOriginal source
Conducting useful contract audits for pavement marking — Research Paper | ScholarLens