We do not have a “magic formula” for how much an audit may cost. Like construction projects themselves, there are many variables. From experience, we do use certain parameters to develop what we believe are realistic budgets for the effort that we believe will be required to complete a typical construction audit. For example, effort can often be equated to the size of a project (in terms of construction cost) – which might warrant an initial estimate between .1 and .2 tenths of 1% of the total construction cost. But, other factors should also be considered, which may impact the initial estimate. From there, a relevant range may be targeted or established. While we understand an organization’s desire to develop known and reliable cost estimates, we believe our clients’ interests are better served by providing realistic effort-based estimates (that could go up or down) than by providing higher costing fixed prices, which are based on unknowns and contingency scenarios.