Board Meeting

 Steering Group (CSR) 


Multi-disciplinary Steering Group 


Our multidisciplinary steering group of diverse experts, professionals and member companies have the required wealth of the UK and international expertise on cost assurance and audit on infrastructure projects and construction contracts. Through our CSR and governance initiative, we are working with funders, clients, and contractors to drive change and transformation industry-wide.

The multi-disciplinary steering group for cost assurance and audits on infrastructure projects and contracts, was borne out of common agreement on the need for this by the parties. This is a group made up of experts from diverse backgrounds and professions that comprise representatives from a cross-section of the industry. We aim to drive accountability, change and transformation in the industry.

The objective is to meet quarterly in a setting where lessons learnt and best practices from real-life experiences from projects and contracts delivered around the world in diverse industries and sectors are shared confidentially, creating a common voice and interpretation to help identify, resolve trends quickly, share knowledge, expertise, and best practice on infrastructure projects.
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Our Members

The steering group comprises multidisciplinary professionals from a cross-section of the industry that include lawyers, contract specialists, accountants, auditors, engineers, quantity surveyors and consultants.

This consists of many of the top client, contractor and consultants in engineering and construction and include professional members and associates of top professional bodies. 

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In our Key Output 8 (KO8), we emphasise the importance of leveraging technology to drive cost assurance and support the audit of infrastructure projects and construction contracts. We highlight the key role of digital transformation in delivering a construction industry that is fit for 2050 and beyond.

KO8 was led by Turner & Townsend and Ridge and Partners LLP and is a must for everyone working on infrastructure and construction projects. This quarter our best practice technology use case presentation was by CaseWare IDEA. 

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Key Output 7 - Cost Assurance & Audit in Practice

In this edition, we shared with the industry our Key Output 7 - cost assurance and audit in practice. This guidance document in a Q&A format answers many questions that often arise on the topic of cost assurance and audits on infrastructure projects and contracts.

 

Led by Scottish Water and CFBL Consulting KO7 included a recap of prior outputs, our best practice framework, a robust transformative framework, case examples and recommendations for the industry. In KO7 we examined a technology use case presented by Oracle on Primavera Unifier for contract management, collaboration, cost control and governance. 

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This quarter we shared with the industry our Key Output 6 - cost reporting. This is a broad concept and key headlines examined include - definitions, cost components, cost reporting, common reporting issues, other influencing factors, key terms and KPIs. This document contains high-level guidance led by Vinci / The CICES,

Buckingham Group and CFBL Consulting and it includes the latest thinking on the topic from multiple professional lenses and experts. 

 

This time we examined the technology use case of Compare your Footprint a carbon cost calculation, reporting and benchmarking tool and  how contractors J Coffey have implemented this and embedding sustainability on their projects. We also highlight how by using extended balanced scorecard reporting to include ESG KPIs, carbon cost reporting can be seamlessly integrated.

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In August 2021, our multidisciplinary steering group shared with the wider industry our Key Outputs 5 - The People Perspective. This contains high-level guidance that was led by Network Rail / High Speed 2 (HS2), the technology best practice presentation was by Raildiary 

This included the latest thinking on people from multiple lenses and experts.  Special appreciation to all our members and key contributors. We hope that the wider industry find these beneficial.

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Key Output 4

In April 2021, our multidisciplinary steering group, shared with the industry, our Key Outputs 4 - The Legal Perspective. These were summary guidelines and the latest thinking from multiple lenses and experts from a legal viewpoint.

Appreciation, to Eversheds Sutherland who led this output, to key contributors and members. This contains insights, a technology use case from Cemar - ThinkProject on Hinkley Point C and we hope that the wider industry find these beneficial.

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Key Output 2&3

In December 2020, our steering group shared with the industry our Key Outputs 2 and 3. Summary guidance and the latest thinking on Frameworks and Standards led by Turner & Townsend and The Orange Partnership.

This includes the latest thinking on Contracts and Key Terms led by In Construction Consulting and Blake Newport. It featured best practice on NEC 3/4 Contracts and a technology use case by Ideagen on JPL / NASA. We hope you find these beneficial. 

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Key Output 1

In September 2020, we shared our Key Output 1, with the wider industry after the June 2020 inaugural meeting of our multidisciplinary steering group (this was following initial engagement with the industry in October 2019 in conjunction with Network Rail and Arcadis.

Key Output 1 identified key issues and comprised summary recommendations from founding members and the latest thinking from multiple lenses and industry experts. This featured a technology use case from Ideagen / Pentana Audit. 

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  • Cost Assurance & Audit in Practice - Coming Soon.

  • Cost Reporting - More

  • People Perspective - More

  • Legal Perspective - More

  • Standards & Frameworks - More

  • Contracts & Key Terms - More

  • Cost Audit Key Issues - More

  • Engagement Conference - More

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