For anyone who has experienced a major disaster, the return to a ravaged area usually results in the discovery of wide-spread damage to property and basic infrastructure. If your infrastructure was damaged or destroyed after or during a natural disaster, there are many questions that need to be answered, including whether your infrastructure needs to be repaired or rebuilt. KPMG can help.
KPMG’s Infrastructure Advisory team draws on its extensive national and global experience to assist clients with defining their infrastructure strategy, aligning their organization to make that strategy successful, making existing infrastructure portfolios more efficient and finally the funding and procurement of new infrastructure. When it comes to rebuilding and recovery, our Infrastructure team has stood shoulder to shoulder with governments to help them think through their strategy for rebuilding, how to organize the rebuilding effort, how to prioritize, fund, procure and deliver projects and how to build resilience and sustainability into the rebuilding process. KPMG’s experience across the full range of sectors allows them to move quickly to deliver practical, implementable and outcome oriented strategies.
Major Projects Advisory
Major construction projects are often complicated, fast-paced, and carried out in an environment prone to fraud, uncertainty, waste and abuse. KPMG assists clients in identifying and mitigating project risks throughout the project life cycle. Our services include construction program evaluations, project risk and controls assessments, contract compliance analyses and cost investigations, as well as project support on complex and troubled projects.
The strong exposure of large construction projects to the risk of fraud, waste, and abuse means that steps must be actively taken by project management and ownership to ensure that a culture of legal compliance and accountability exists within all phases of construction project design and delivery. An effective method of ensuring that checks are kept on these risks is to engage the services of an outside Integrity Monitor: an independent third party who actively monitors project processes in real-time in order to assure compliance with legal standards and program guidelines. Consisting of a dynamic team of licensed engineers, construction professionals, fraud investigators, and subject matter specialists, KPMG has the devices in place to provide reliable and effective Integrity Monitoring services.
Explore how we have helped clients with infrastructure and rebuilding following a natural disaster.
KPMG served as the Integrity Monitor for two construction firms providing post‑Superstorm Sandy home repairs through a major, government-run recovery program.
The program is a groundbreaking initiative undertaken by the city to mobilize dozens of contractors and thousands of skilled construction workers to make emergency repairs, free to homeowners, on residential properties affected by Superstorm Sandy. KPMG was engaged to help deter construction fraud, investigate instances of contractor/subcontractor waste and abuse, and provide various analyses around potential contractor overbilling to the city.
The program is a groundbreaking initiative undertaken by the city to mobilize dozens of contractors and thousands of skilled construction workers to make emergency repairs, free to homeowners, on residential properties affected by Superstorm Sandy.
KPMG was engaged to help deter construction fraud, investigate instances of contractor/subcontractor waste and abuse, and provide various analyses around potential contractor overbilling to the city.
KPMG was retained by a large wholesale water supplier to explore all viable procurement and financing options to address large cracks in a 15 billion gallon reservoir facility.
As their Strategic Procurement Advisor, KPMG defined the procurement options and undertook a criteria analysis including: regulatory requirement, competitive environment, ability for private partner to innovate, reliability of potential upgrade solution, length of warranty and project timeline. We undertook a risk analysis on the procurement options to help define risk transfer, did an industry assessment and ability to bid, and advised on optimal approaches to the project scope, which increased value (i.e. economic, financial and public benefits). As a result of this work, three bids were submitted. KPMG assisted the Authority in analyzing the submitted bids with a scoring framework that evaluated each bidder’s proposal on a technical and financial basis.
Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates.