Audit contractors

Examine and document different industry contractors, in order to determine whether they comply with regulations and standards in relation to safety, environment and quality of design, construction and testing, etc.

ensure contractors comply with regulatory standards through auditing
examine contractors to determine compliance with regulations
review contractors
scrutinise contractors
examine contractors
analyse contractors
assess contractors through auditing
conduct auditing activities on contractors
perform audits on contractors

skill/competence

cross-sector

Audit contractors is an essential skill of the following occupations:

Real estate manager: Real estate managers handle and oversee the operational aspects of commercial or residential properties such as private apartments, office buildings and retail stores. They negotiate contracts for lease, identify and plan new real estate projects and construction of new buildings by partnering with a developer to identify the appropriate site for new buildings, coordinate the feasibility study for new constructions and supervise all the administrative and technical aspects involved in expanding the business. They maintain the premises and aim to increase its value. They hire, train and supervise personnel.
Rail project engineer: Rail project engineers maintain a safe, cost-effective, high-quality, and environmentally responsible approach across the technical projects in railway companies. They provide project management advice on all construction projects including testing, commissioning and site supervision. They audit contractors for safety, environment and quality of design, process and performance as to ensure that all projects follow in-house standards and relevant legislation.
Property developer: Property developers buy land, finance deals, order construction projects and orchestrate the process of development. They purchase a tract of land, decide on a marketing strategy, and develop the building program. Developers must also obtain legal approval and financing. When the project is finished, they may lease, manage, or sell the property.
Construction general contractor: Construction general contractors take on the responsibility to deliver a construction project. They participate on bid processes for construction projects and hire subcontractors to deliver the different stages of the construction process from beginning to completion. They make sure subcontractors hold up their part of the agreement and work in the construction site to make sure the project is delivered in time and according to agreed standards.

Audit contractors is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Quantity surveyor: Quantity surveyors have under their helm complete management of the cost involved in building and construction projects from the inception of the project until the delivery. They strive for an efficient use of the resources whilst keeping an eye on quality, quality standards, and client’s requirements.
Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Pipeline compliance coordinator: Pipeline compliance coordinators track, compile and summarise all the compliance and conformance activities in pipeline infrastructures and fields. They ensure that works are carried out within regulatory frameworks. They strive to develop and implement compliance policies and recommend ways to minimize risk. They inspect sites, collect evidence, and report compliance needs to the management.
Audit supervisor: Audit supervisors oversee audit staff, planning and reporting, and review the audit staff’s automated audit work papers to ensure compliance with the company’s methodology. They prepare reports, evaluate general auditing and operating practices, and communicate findings to the superior management.
Construction manager: Construction managers are responsible for the planning and coordination of the construction projects. They provide expertise in the design phase of construction projects by facilitating a better estimate of the costs and the functional implications. They participate on bid processes for construction projects and handle subcontractors to deliver the different stages of the construction process from beginning to completion. They strive to enhance the value of the projects both improving efficiency and creating value for customers.

References

1. Audit contractors – ESCO