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For Canadian engineering and construction (E&C) companies, managing their capital projects or those of their clients has a direct impact on the success of their business — but so too does the strength of their business have a direct impact on the success of the individual projects. Having the right organization, people and processes in place is paramount to ensuring that your E&C company is managing its own or its client's capital projects effectively from a finance, risk and project management perspective.
But for work to be completed on time and on budget, capital projects need a dedicated approach to project governance. This is especially true for assignments that are high risk, high value, high profile and with the potential of failing to meet objectives. Capital project governance touches many aspects of what E&C companies do, from managing risk and addressing scheduling and supply chain issues, to finding ways to drive down costs and address tax issues and opportunities. Capital projects are about more than just the successful managing of engineering and logistics; they are about the successful managing of your business overall.
Our Engineering and Construction practice has both the engineering and financial credentials to help make your capital project a success. We can provide the independent, objective perspective on a capital project needed to increase efficiencies and drive down cost.
We can conduct an assessment of your existing governance structure, complete a report identifying areas of risk and make recommendation, and conduct health checks on an ongoing basis over the project's life cycle. We can help you with project and schedule management as well as supplier risk issues including third-party contract compliance. If you do cross-border work, our corporate tax, indirect tax and transfer pricing practices can help you with the tax challenges involved.
PwC's Canadian Engineering and Construction team has a wide range of international experiences and a broad network of colleagues that spans the globe. No matter where your capital project is, we can be there to help.