At APAS & CO LLP, our Transaction Services are designed to help organizations evaluate, execute, and optimize strategic initiatives—whether it’s managing large-scale projects, improving operational productivity, or strengthening cost controls.
Our multidisciplinary approach blends financial acumen, operational insight, and risk foresight to ensure clients unlock maximum value from every transaction while minimizing disruption to their core operations.
- Civil Audits
We are among the few firms in India offering specialized Civil Audit services conducted by Chartered Accountants with deep sectoral expertise. These audits provide end-to-end oversight of civil and infrastructure projects—especially within steel plants, power projects, ferro plants, and large infra projects and real estate developments.
Scope of Services
- Work Order Review: Clause-by-clause analysis to assess scope, exclusions, billing logic, and pricing clarity.
- Quantity Validation: Comparing RA bill quantities with BOQs and architectural drawings to identify discrepancies.
- Rate Justification: Item-wise analysis of rates against market benchmarks to detect inflated costs.
- Detection of Unnecessary Work: Identification of non-essential inclusions aimed at bill inflation.
- Material Reconciliation: Verifying cement, steel, and free-issue materials (including scrap and wastage) against norms.
- Concrete Test & Cube Strength Review: Cross-verifying cube test results with structural specifications.
- On-site Verification: Physical verification, MB/DPR validation, and JMR scrutiny to confirm actual work done.
- Internal Control Assessment: Identifying lapses in project controls, execution timelines, and fund utilization.
Why APAS?
In infrastructure, every inch counts—and so does every rupee. Our audits are engineered to uncover inefficiencies, prevent leakages, and ensure transparency from ground level to boardroom. Backed by decades of sectoral experience, we bring financial intelligence to engineering oversight.
- Time & Motion Study
Our Time and Motion Studies are tailor-made for manufacturing and process plants aiming to optimize workforce utilization, improve productivity, and lower unit costs. Unlike traditional studies, ours are led by Chartered Accountants with a deep understanding of both operational workflows and financial impact.
What We Do
- Time Study: Recording cycle times to benchmark against standards and detect performance gaps.
- Motion Study: Breaking down tasks to remove redundant steps and streamline productivity.
- Activity Mapping: Classification of productive vs. non-productive time at workstations.
- Manpower Optimization: Identifying overstaffing, idle hours, or scope for job rotation.
- Delay Analysis: Root cause identification for equipment downtime or workflow disruptions.
- Costing Impact Review: Mapping inefficiencies to their financial consequences—on margins, cost per unit, or throughput.
- SOP Recommendations: Suggesting workflow improvements and lean practices.
- MIS/ERP Integration: Building in measurable checkpoints to track ongoing productivity gains.
The APAS Advantage
Being Chartered Accountants, we bring an added layer of value by:
- Translating operational inefficiencies into quantifiable financial losses
- Strengthening internal controls around time-bound processes
- Offering data-driven insights for budgeting and resource allocation
- Contract Optimisation (for Manufacturing & Projects)
In capital-intensive sectors, poorly drafted or misaligned contracts can significantly affect margins, timelines, and risk exposure. APAS’s Contract Optimisation services focuses on commercial clarity, operational alignment, and cost efficiency across procurement, construction, and service contracts.
APAS Services Include:
- Contract Clause Review: Evaluating scope, billing logic, milestone definitions, penalty clauses, and escalation mechanisms.
- Cost Exposure Assessment: Highlighting ambiguous terms that lead to cost overruns or change-order disputes.
- Price Benchmarking: Comparing contract rates and payment terms against industry standards.
- Performance-linked Structuring: Helping clients redesign contracts to link payouts with deliverables or outcomes.
- Vendor Performance Evaluation: Assessing historical contractor/vendor delivery against contract expectations.
- Risk Allocation Analysis: Identifying hidden liabilities and proposing corrective clauses.
Whether you are planning a new project or reviewing ongoing contracts, we help enhance commercial safeguards and extract better value from your vendor relationships.
- Capitalization Audit & FAR Preparation (for Large Capex Projects)
At the end of a major capex cycle, organizations need to close contracts, settle final bills, and prepare a complete and accurate Fixed Asset Register (FAR) for accounting, compliance, and insurance purposes. We at APAS provides review and assurance that ensures that every asset is accounted for correctly and all costs are appropriately capitalized.
Key Deliverables
- Final Billing Validation: Verification of contractor/vendor bills against project milestones and actual execution.
- Project Closure Reconciliation: Ensuring no overpayments, duplicated claims, or pending credits.
- Asset Identification: Tagging and mapping individual assets to their respective cost centers and locations.
- Depreciation Readiness: Assigning useful life, capitalization dates, and cost break-ups for ERP integration.
- FAR Compilation & Handover: Creating a complete Fixed Asset Register with supporting documentation and audit trail.
Our services enable clients to transition from project execution to stable operations with complete control and clarity over their newly created assets.
Please download our case studies and work performed in Transaction Advisory Services