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Basic Service Level - Brief Financial Audit
$50.00
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Advanced Service Level - Detailed Financial Audit
from $399.00
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Frequently Asked Questions

    1. Risk Mitigation: Don't take chances with your investment. Our rigorous financial assessments help you avoid engaging building practitioners at risk of bankruptcy or insolvency.

    2. Quality Assurance: Trust in our thorough auditing process to identify competent building practitioners with an impeccable working history, free from defaults or court actions.

    3. Fast And Personalized Service: Experience tailored information and expert advice by speaking directly with our team, addressing your specific concerns within 72-hours of audit request.

    4. Cost Savings: By steering clear of underperforming building practitioners, you can prevent costly errors, penalties, and disputes, ultimately saving time and money.

    5. Independent and Unbiased: Contract Admin Pro operates with complete independence and transparency, free from any bias or conflicts of interest.

    6. Continuous Monitoring: Unlike other tools that perform just an initial audit, our ongoing monitoring ensures that you stay informed about any red flags, guaranteeing proactive management of your building practitioner.

    1. Financial and Contracting Audit: Before engaging a building practitioner, we conduct a comprehensive audit that covers a wide range of vital information, including creditworthiness, court actions, payment defaults, and more.

    2. Prompt Reporting: Within 72 hours of your audit request, you'll receive a detailed digital report and supplementary documentation, giving you a clear understanding of your prospective building practitioner's standing.

    3. Continuous Monitoring (Optional): After selecting a preferred building practitioner, opt for our monthly monitoring service. Stay updated on any changes to their financial Risk Assessment and potential red flags.

  • Our pricing is transparent and affordable, ensuring you get the best value for your investment.

    Initial Audit: $399 per building practitioner.

    Continuous Monitoring: $59 per month per entity (cancel anytime).

  • Each initial audit on a building practitioner is charged at $399. Continuous monitoring of a building practitioner is charged at $59 per month per entity (less than $2/day). Monthly monitoring is charged 1-month in advance and can be cancelled at any time.

    Pricing Example 1

    The Client is building a new home in Brighton, Victoria with the expected building to be constructed within 12-months. The client has received three quotes from building practitioners to complete the works. The Client engages Contract Admin Pro to complete an audit on all 3 prospective building practitioners. Upon selection of a preferred building practitioner, the client wishes to monitor the building practitioner until the completion of the construction works (estimated 12-months)

    3no. Audits @ $399.00 each = $1,197.00

    +

    12-months continuous monitoring on preferred building practitioner @ $59/month = $708

    Total Cost = $1,197.00 + 708.00 = $1,905.00 including GST.

    Pricing Example 2

    The Client is completing a bathroom renovation in Kew, Victoria. The works are expected to take 2-months to complete, however, will not start for 4-months. A single quotation has been received for the works. The client wishes to audit the building practitioner prior to the construction works commencing (4-months) and during the construction period (2-months), or a total period of 6-months.

    1no. Audits @ $399.00 each = $399.00

    +

    6-months continuous monitoring on preferred building practitioner @ $59/month = $354

    Total Cost = $399.00 + 354.00 = $753.00 including GST

  • Within 72-hours of the audit request clients can expect the following:

    1. A phone consultation (up to 30-mins);

    2. A digital report with findings; and,

    3. Supplementary documentation generated through audit process, e.g. ASIC notices, Court Action details, copy of Building License and restrictions, etc.

    Where clients have selected on-going monitoring you will also receive email updates regarding changes in the building practitioner’s audit status, e.g. likelihood of bankruptcy within the next 12-months, appointment or removal of a director, mercantile inquiries.

  • Information investigated through the comprehensive audit on your builder practitioner includes:

    - Reviewing proposed Contracting Entity details;

    - Determining Directors and shareholders (including full name, date of birth, age, place of birth, address, current and previous office holdings);

    1. Reviewing proposed Contracting Entity details;

    2. Determining Directors and shareholders (including full name, date of birth, age, place of birth, address, current and previous office holdings);

    3. A Risk Assessment on creditworthiness to determine likelihood of default in the next 12-months, e.g. bankruptcy/insolvency event;

    4. Court Actions against the Company (historical and current);

    5. Payment Defaults by the Company (historical and current);

    6. Tax Default by the Company (historical and current);

    7. Mercantile/Debt Collection Enquiries (historical and current);

    8. Critical ASIC Document Lodged;

    9. Known Cross Directorships, i.e. may highlights any previously failed businesses owned/operated by existing or historical director group;

    10. Construction License Holder Details (including any restrictions);

    11. Disciplinary Action against Construction License Holder; and,

    12. Personal Property Securities Register (PPSR).