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Get the free COST/PRICE ANALYSISandCONTRACT AUDIT DESK GUIDE

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AHA, CONFERENCE SEPTEMBER 9, 2015, BETH CICERONI S E N I O R C O S T / P R I C E A U D I TO R DIVISION OF FINANCIAL S E RV I C E S (D F S)12ADVANTAGES OF SUBCONTRACTING Strategic advantage or alliance
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How to fill out costprice analysisandcontract audit desk

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01
To fill out a cost price analysis and contract audit desk, start by gathering all relevant financial documents such as receipts, invoices, and contracts related to the project or business.
02
Review each of these documents carefully to understand the costs associated with the project or business and identify any potential discrepancies or deviations from the expected budget.
03
Use a spreadsheet or accounting software to create a cost price analysis sheet. Include columns for the item or service, quantity, unit price, and total cost.
04
Enter each item or service from the financial documents into the cost price analysis sheet, ensuring that all costs are accurately reflected.
05
Calculate the total cost for each item or service by multiplying the quantity by the unit price.
06
Sum up the total costs to get the overall cost for the project or business.
07
Next, conduct a contract audit by reviewing the terms and conditions outlined in the contracts related to the project or business. Pay close attention to pricing details, payment terms, and any potential penalties or bonuses.
08
Compare the costs identified in the cost price analysis sheet with the prices stated in the contracts to ensure consistency and accuracy.
09
Analyze the contract audit findings to identify any discrepancies or potential areas for improvement. This could include negotiating better prices or renegotiating terms to optimize costs.
10
Finally, summarize the findings from both the cost price analysis and contract audit in a comprehensive report. This report can be used for internal purposes or shared with stakeholders.

Who needs cost price analysis and contract audit desk?

01
Businesses and organizations involved in procurement and vendor management can benefit from cost price analysis and contract audit desks. These departments are responsible for evaluating costs, negotiating contracts, and ensuring compliance with agreed-upon terms.
02
Government agencies that oversee public spending and contracts also require cost price analysis and contract audit desks. Ensuring transparency and accountability in public procurement processes is crucial for responsible financial management.
03
Project managers and finance professionals involved in large-scale construction projects, infrastructure development, or other ventures that involve significant costs and contractual obligations can benefit from cost price analysis and contract audit desks. These tools help in tracking costs, identifying potential overcharges or undercharges, and ensuring adherence to contracts.
04
Small business owners who want to optimize their costs and streamline their procurement processes can also utilize cost price analysis and contract audit desks. By analyzing their expenses and auditing their contracts, they can identify cost-saving opportunities and make informed decisions.
In summary, anyone involved in managing costs, contracts, and procurement can benefit from having a cost price analysis and contract audit desk. These tools help ensure accuracy, transparency, and cost optimization in financial operations.
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Costprice analysis and contract audit desk is a tool used to analyze the cost of a project and ensure that it is in compliance with the terms of the contract. It helps to identify any discrepancies or overcharges.
Companies and organizations that have contracts with cost-reimbursable terms are required to file costprice analysis and contract audit desk.
Costprice analysis and contract audit desk should be filled out by providing detailed information about the project's costs, expenses, and contract terms.
The purpose of costprice analysis and contract audit desk is to ensure that the project costs are accurately reported and that the terms of the contract are being followed.
Information such as project costs, expenses, contract terms, and any discrepancies or overcharges must be reported on costprice analysis and contract audit desk.
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