Issue:

A top five global financial institution and Fortune 100 media company requires Integrity Monitoring services for a selection of capital expansion and renovation construction projects. The company needed to ensure that project-related risks were identified and addressed promptly, and that compliance was maintained throughout all stages of the construction lifecycle.

Solution:

StoneTurn collaborates with project teams across the globe to provide comprehensive Integrity Monitoring services to ensure the accuracy of monthly billings and change orders, contractual compliance of construction managers and trade contractors, construction progress, quality assurance and adherence to safety and security protocols at project sites. We also assisted our client by performing inspections, mitigating risks of fraud, waste, and abuse, and auditing Guaranteed Maximum Price (GMP) contracts valued at over $100 million.

Results:

StoneTurn delivered ongoing, detailed communications to the client, including site visits issue logs, swipe analysis of on-site personnel, site walkthrough reports, and key observations. The team also conducted background screenings on potential vendors to aid the procurement process, contract reviews, and ultimately delivered project closeout memos, compliance checklists and a final report. Through regular presentations of key findings and risk mitigation strategies, StoneTurn identified risks, potential cost recoveries and ensured the client had the transparency and insights needed to manage project risks effectively and uphold compliance throughout each project phase.