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Technology and price audits
Our Deloitte team has performed more than 20 technology and price audits of investment projects and programs in various industries. Such audits ensure optimal use of public funds allocated for government-funded projects, as well as funds allocated by the company itself.
Performing technology and price audits in the early stages of project implementation offers the most significant results and helps to identify the most optimal design solutions, taking into account the best practices of implementing similar projects.
The scope of work in the framework of technology and price audits may include analyses of:
- selected design solutions;
- selected equipment;
- the project’s timetable and phases;
- capital expenditures; and
- investment project implementation risks.
Our experience shows that technology and price audits can help reduce costs related to capital projects by up to 30% through using more technologically effective solutions and identifying errors in the process of determining capital expenditure amounts.