Construction Risk Management

Safeguard Investments, Strengthen Controls, Maximize Project Performance

About our services

We help construction project owners address complex challenges through a structured, risk-based approach grounded in cost, contract, and project controls analysis. Our services protect owner investments by validating project costs, strengthening controls, and improving cost certainty and project performance. Our integrated framework delivers clarity, control, and confidence—driving more predictable and successful project outcomes. Beyond individual projects, we help organizations strengthen their construction programs by embedding durable controls, governance, and practices that support long-term resilience and continuous improvement.

Stakeholder Analysis

Support stakeholder discovery before project initiation through a holistic approach that brings greater clarity, improves resource allocation, and mitigates unfavorable consequences.

Contract Structure and Compliance

Navigate contract complexities to ensure embedded best practices and alignment with owner interests.

Construction Cost Audit

Assess and validate project costs to ensure accuracy, compliance, and alignment with owner objectives.

Project Controls Review

Assess existing controls, identify weaknesses, and recommend improvements to mitigate risks, safeguard assets, and ensure accurate financial reporting.

Risk Identification and Advisory

Evaluate project and organizational controls, identify potential risks and vulnerabilities, and advise on strategies to mitigate exposure and ensure project success.

User Experience Validation

Examine occupant experience at project completion using our structured approach to uncover gaps affecting safety, usability, and satisfaction.

Projects We Serve

  • We support projects of any size and can engage at any stage of the construction lifecycle
  • Services can be scaled to projects of any value
  • Services can be provided from early planning and contracting through final close-out

Types of Cost Audits

  • Front-End Audit Set the project up for success before significant capital expenditures. Review contract terms, pricing structures, cost definitions, and project controls.
  • Interim Audit Provide real-time oversight throughout the project to help ensure costs billed by the contractor are accurate, allowable, and supported. Enables owners to course-correct early, strengthen controls, and avoid surprises at the end of the project.
  • Close-Out Audit Validate final contract values and confirm compliance with cost ceilings and contract terms prior to release of final payment.

When We Can Assist

  1. Discovery
  2. Initiation
  3. Interim
  4. Completion

What Makes Us Different

  • Rapid Value Generation Our methods help owners quickly identify and resolve issues impacting project performance, cost accuracy, and risk exposure.
  • Depth of Experience Our team members have on average 20+ years of experience in construction risk management, internal controls design, cost auditing, and project risk assessment.
  • Integrated Expertise Our team combines deep engineering knowledge with proven business management and auditing expertise to deliver disciplined oversight, informed decision-making, and measurable results.
  • Systems Thinking Approach Our holistic approach examines the complex interconnections across people, processes, and technology to drive sustainable results.

Typical Risks Identified

  • Unreasonable costs and/or poor quality construction practices
  • Project cost overruns and delays
  • Excessive procurement charges
  • Uncompetitive and/or unfair subcontracting practices
  • Excessive change order costs
  • Inappropriate labor, materials, and rental equipment charges
  • Payments that are not in accordance with contractual terms
  • Unfulfilled construction requirements
  • Contractor liens and claims
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NSI Advisory Services

Sharon Hartzel

Director