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Contract complexity is a key indicator of contract compliance audit necessity. Commercial terms that include reimbursable cost, variable pricing, unit rates, allowances, discounts and other flexible pricing components are prone to error. Connolly audits to the root source of the transaction to discover the components of a supplier’s “true cost.” Our auditors are specifically trained to seek out and identify the complexities in contracts that lead to non-compliance and billing discrepancies.
Important contract categories include:
- Labor
- Equipment
- Materials
- Engineering, Construction, Procurement (ECP)
- Services
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- Freight & Transportation
- Incentives & Penalties
- Advertising
- Revenue
- Joint Ventures & Partnerships
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