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CFBL Consulting

Infrastructure Project Services

Aiding in the maximisation of value for money, improving governance and strengthening controls

Overview

Infrastructure Project Services

We develop and implement cost assurance agreements for open cost-based contracts or capital expenditure projects to help minimise cost overruns and outcome risks on infrastructure projects. This involves training and the design of standard controls, processes, tools and templates. We conduct independent cost assurance and cost validation audits to validate actual defined costs and agreed on contract changes reimbursed over the life of the project against expected contract costs to minimise risk and surprises for all parties.

Our services

Commercial Protocols & Training

10 services

Protocols

We do this by developing and implementing cost assurance protocols on cost-based, open-book contracts or capex projects helping to minimise overspends and outturn risks on infrastructure projects.

Commercial Assurance

CFBL validates the integrity of revenue, procurement, and contract management processes, reinforcing commercial confidence and mitigating operational risks.

Contract Audit

CFBL examines contract execution for compliance, completeness, and value delivery, uncovering deviations and opportunities for dispute avoidance.

Supply Chain Audit

CFBL evaluates procurement and logistics networks to uncover inefficiencies, compliance gaps, and resilience vulnerabilities within the supply chain.

Training

CFBL Consulting provides training in the case study, cost and open book-based accounting contracts to help businesses deal with commercial, financial, cost and business risks. We ensure that your staff are skilled not only in their role in the project or business but also as managers, suppliers, employees and custodians of public funds and private money.

Commercial Management Review

CFBL examines end‑to‑end commercial operations, from sales pipelines to supplier frameworks, to optimise performance and support strategic growth.

Contract Review

CFBL conducts holistic reviews of contract portfolios to identify inconsistent terms, renewal risks, and cost‑leakage opportunities.

Commercial Audit

CFBL audits commercial transactions and agreements to ensure contractual terms are met, revenue recognition is accurate, and procurement complies with policy.

Contract Advisory

CFBL provides expert guidance on contract structuring and management, ensuring agreements are risk‑balanced, enforceable, and aligned with organisational goals.

Procurement Audit

CFBL examines purchasing processes, supplier selections, and contract performance to uncover savings and strengthen procurement controls.

Our services

Independent Project Audits & Open Book

14 services

Cost Optimisation & Advisory

We implement target cost, cost-based or alliance/framework contracting principles to ensure compliance and minimise revenue and profit risk. This includes pre-audit diagnostics and facilitating the cost recording to comply with legislation and reporting on open-book accounting contracts.

Finance Business Partnering

We can take on a longer-term advisory role alongside your organisation, guiding along financial matters with our expert industry insights and wealth of experience.

Project Audit

CFBL evaluates project governance, cost controls, and schedule adherence to ensure projects deliver scope, budget, and quality objectives.

Project Control

CFBL implements integrated control frameworks for project execution, aligning scope management, cost tracking, and schedule monitoring.

Project Risk Management

CFBL establishes risk identification, assessment, and response frameworks to anticipate and mitigate project threats and capitalise on opportunities.

Accounting & Tax

We will handle your personal taxes, payroll and business taxes, ensuring they are timely, optimised and compliant.

Planning, Budgeting, Forecasting & Financial Modelling

We will also ensure that you have appropriate financial controls in place for budgeting, cash flow management, cost, credit control and risk management.

Open Book Audit

CFBL verifies partner and supply‑chain costs, fostering transparency and collaborative savings identification.

Project Cost Analysis

CFBL dives into cost allocations and resource utilisation within projects, identifying inefficiencies and recommending optimisation strategies.

Infrastructure Cost Audit

CFBL analyses capital and operating costs of infrastructure assets, ensuring alignment with lifecycle objectives and affordability constraints.

Funding Investment Appraisal

We will help develop your investment business case and support you in selecting the appropriate funding strategy and in obtaining these.

Interim Head of Finance Role

We can also temporarily take a more embedded role with your organisation as an Interim Finance Director.

Project Governance

CFBL designs governance structures that clarify decision rights, accountabilities, and reporting lines to enhance project oversight and success rates.

Subcontract Audit

CFBL audits subcontractor activities and billings to ensure contract compliance, cost integrity, and performance accountability across project lifecycles.

Our services

Cost Assurance & Cost Audits

9 services

Cost Assurance & Audits

We carry out independent cost assurance and cost verification audits to validate the actual defined costs and agreed-on contract changes reimbursed over a project lifecycle versus the intended contract costs to minimise risks and surprises for the parties.

Cost Verification

CFBL independently validates cost data integrity and adherence to accounting standards, safeguarding against misstatement and fraud.

Cost‑Based Analysis

CFBL applies cost‑plus and target‑cost methodologies to evaluate profitability, pricing strategies, and margin enhancement opportunities.

Commercial Management

We ensure that commercial management and financial controls are in place. This includes pre-audit diagnostics and the implementation of people, process and system controls to minimise cost and profit risks.

Cost Reviews

CFBL conducts periodic examinations of actual versus planned costs, diagnosing variances and recommending corrective actions to realign budgets.

Defined Cost

CFBL clarifies and standardises cost definitions across projects and departments, promoting consistency in budgeting, reporting, and benchmarking.

Project Governance & Change Controls

This includes investment approval, business case development to secure funding, strategy development, procurement, commercial management of contracts, implementation, change management and project control.

Cost Reporting

CFBL streamlines cost‑reporting processes, delivering clear, timely financial insights to support executive decision‑making and regulatory compliance.

Value for Money Audit

CFBL examines programmes and procurements to assess whether resources are being used effectively, economically, and efficiently in pursuit of outcomes.

Our services

HR, Payroll, Carbon, Cost & ESG Audits

13 services

Independent HR & Payroll System

Our independent HR and payroll audits include cost of carbon, pay gap, gender balance audits and carbon benchmarking as well as ESG impact reports.

Fraud Risk Assessment

CFBL evaluates organisational vulnerabilities to fraud through risk mapping and scenario analysis, designing controls to prevent, detect, and respond.

Internal Audit

CFBL defines audit charters and scopes, delivering systematic evaluations of controls, risks, and governance processes to fortify internal oversight.

Risk Management

CFBL designs integrated risk frameworks that embed risk awareness into decision-making, enabling organisations to proactively manage uncertainties and safeguard strategic objectives.

Sustainability Cost

CFBL identifies the direct and indirect costs associated with sustainability initiatives, enabling smarter investment in climate goals and compliance obligations.

ESG Audits

We ensure that business governance and financial controls are in place. We verify the accuracy of expected contract costs, agreed contract changes signed by both parties and actual BAU costs reimbursed over the life of the project.

Forensic Audit

CFBL conducts deep‑dive investigations into irregular transactions and suspected misconduct, gathering evidence to support legal and disciplinary actions.

Risk-Based Audit

Carbon Cost Assessment

Payroll Audit

CFBL audits payroll processes for accuracy, compliance, and fraud prevention, ensuring employees are compensated correctly and records are reliable.

Compliance Audits

CFBL verifies adherence to regulatory requirements and internal policies, identifying non‑compliance risks and recommending controls to strengthen governance.

Risk Reviews

CFBL conducts independent evaluations of risk identification and mitigation processes, ensuring that controls are both effective and aligned with organisational priorities.

Sustainability Audits

CFBL conducts comprehensive reviews of environmental, social, and governance (ESG) performance to support sustainable operations and transparent reporting.

Our services

ESG Finance & Capex Business Case Appraisal

7 services

ESG Finance Training

We offer ESG finance workshops and training to improve the skills of staff and supply chain in decision making and implementing controls, tools and templates for ESG reporting in relation to ESG KPIs.

Capex Strategy Development

CFBL collaborates on crafting a forward‑looking capital investment roadmap, aligning project priorities with strategic objectives and financial constraints to maximise returns.

Financial Strategy

CFBL partners on long‑term financial roadmaps, aligning capital investments, funding plans, and risk appetites to organisational ambitions.

Capex Business Case Appraisal

We help develop capital expenditure strategies, invest in business cases and assess and support companies in choosing the right financing strategy. It also includes KPI supply chains for decision making and implementation control and ESG benchmarking/reporting tools.

Financial Advisory

CFBL delivers strategic financial planning and capital structure advisory to optimise liquidity, leverage, and shareholder value.

Capex Cost Analysis

CFBL dissects capital expenditure budgets and actual spend to uncover variance drivers, enhance cost predictability, and inform future allocation decisions.

Financial Management

CFBL strengthens financial operations through process redesign, system implementations, and governance frameworks that drive efficiency and control.

Let’s make your next project more assured.

Talk to CFBL about your project, business or assurance needs.

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