Rs 1.8 Cr Saved with CQRA’s Quantity Auditing Service

Rs 1.8 Cr  Saved with CQRA’s Quantity Auditing Service

Rs 1.8 Cr Saved with CQRA’s Quantity Auditing Service

Know how our Client achieved substantial savings in RCC Works with CQRA’s Expert Quantity Auditing Service

PROJECTCommercial Project, Pune

SERVICE – CQRA’s Quantity Survey and Bill Verification Audit

RESULT

Indentified Over-claimed Quantities – Achieved Efficient & Transparent Contractor Operations

Detected errors in executed RCC works – Strengthened Design & Financial Control

Savings of approx Rs 1.8 Crores – Prevented Capital Erosion, Billing Outflows

The Problem

Ascertaining adherence to Bill of Quantities and correct execution of RCC design by the Contractor was a deep concern for the Client. Discrepancies in material quantities translate to major leaks in project profitability and signal weak process control. Errors in RCC works are potentially dangerous from building safety perspective as well as financial health of the project.

The Solution

The Client reached out to CQRA, a leading third party NABCB accredited construction auditor to carry out Quantity Survey (QS) Bill Verifications for the RCC works at their newly constructed commercial building in Pune.

CQRA Quantity Surveying Experts used their 3 point approach to conduct a thorough QS and Bill Audit –

1. Indepth Review

2. Identification of Errors

3. Creating Value via Savings

Issues Identified with CQRA Interventions

CQRA’s methodology zeroed in on major inconsistencies, errors in BOQ and the Bar Bending Schedule that led to overbilling. Some glaring examples of Contractor shortcomings are –

Inflated quantities with the Contractor consistently adding +1 to the number of bars during calculations.

Not following the design specification like for hook length in stirrups and reinforcement of retaining wall.

Claiming excessive material quantities than the BOQ in different RCC grades, reinforcement, PCC works.

Claiming RCC components that were never cast on site and not specified in drawings.

Changing bar diameters in RCC works without communicating to the Structural design team/ manager.

Impact of CQRA’s QS Audit

Rigorous Review, Investigations and Analysis of BOQ and Bills helped our client –

1. Identify contractor errors leading to stringent design vigilance

2. Achieve savings of a staggering Rs 1.8 Crore in RCC works, mitigating financial risks and capital erosion.

3. Strengthen financial control.

4. Enhance process visibility, project efficiency and transparency in contractor/ vendor operations.

Without external oversight, BOQ and Bill errors can go unnoticed, draining funds and leading to financial inefficiencies. This case study demonstrates how you can plug the loopholes with CQRA’s Expert Quantity Survey Audits and Bill Verifications.

Contact our executives now to set up a meeting.

Websitewww.cqra.com

Email: marketing@cqra.acts-int.com

Contact: +91 9112232323