Skip Navigation LinksHome > Services > Internal Audit and Risk Management > Techno Commercial and Concurrent Review

Techno Commercial and Concurrent Review

Techno-commercial Concurrent Review (TCCR) is increasingly being recognized as good preventive and detective control tool for project as well as operations in medium and large corporate. TCCR is a simultaneous / synchronized review of transactions both from technical as well as commercial perspective through full time dedicated technical and commercial personnel at client’s site. It could also be undertaken post completion of the transaction as a good detective control tool. This service is also beneficial to funding organization to keep check on the time and cost over run of the projects.


Techno

What We Do

Through team of technical and commercial experts, we undertake the following technical and commercial work under TCCR:


Technical
  • Project Monitoring through regular physical inspection of completed project work
  • Review with Project Schedules and
  • Charting of delays.
Commercial
  • Online transaction Reviews
    • Pre order
    • Pre payment
  • Review of Project Cost Monitoring Mechanism
  • Periodic review of specific functions
    • Materials covering purchase and movements
    • Administration and Support functions
  • Review of transaction specific as well as periodic compliances
  • Review of control statements
  • Participation in inventory / Assets verification

We also undertake Techno-Commercial audits of the completed projects. Through physical inspection of the work done, scrutiny and verification of procurement documents, study of approval processes etc., we can advise our client on quality, quantity, cost appropriateness of completed work in reference to the contract conditions.

© 2010 Suresh Surana & Associates. All Rights Reserved.
The site was last updated on: 14 September 2010