Conducting useful contract audits for pavement marking
R Ridings
Abstract
R Ridings
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.
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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