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Nuclear power plant

Financial and technical audit and monitoring of the contract for construction and installation work on the construction of channels and tunnels of the Akkuyu NPP

Nuclear power plant

Nuclear power plant

Financial and technical audit and monitoring of the contract for construction and installation work on the construction of channels and tunnels of the Akkuyu NPP

Tasks

To ensure the fulfillment of obligations under the contracts, it is planned to obtain a bank guarantee for a period of one year. In accordance with the requirements of the Bank, it is necessary to engage an independent technical consultant to perform a construction audit and financial and technical monitoring of the contract

Solution

The GREEN team analyzed the main parameters of the concluded contract, including the following:

  • The analysis of the construction period was carried out, and the required amount of labor costs and specialized equipment for the performance of a complex of works was determined
  • The analysis of the cost of the contract was carried out, the profitability of the project was determined

Monitoring of spending the funds as per their intended purpose covered by the bank’s guarantee was carried out

Results

The bank guarantee was issued to the client, and during the monitoring the possible risks of disclosure of the bank guarantee were indicated to the Bank

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