🇦🇺Australia

Over-Invoicing and Subcontractor Costs

1 verified sources

Definition

The Mechanism: Poor transparency in access control enables potential over-invoicing by subcontractors. Manual threat assessment lacks audit trails leading to unnecessary expenses.

Key Findings

  • Financial Impact: AUD 50,000+ annual over-invoicing per site; 10-15% subcontractor cost overrun
  • Frequency: Ongoing per billing cycle
  • Root Cause: Lack of automated access records for subcontractor verification

Why This Matters

The Pitch: Utilities in Australia 🇦🇺 overpay AUD 200,000+ annually due to poor visibility. Digital access logging stops over-invoicing.

Affected Stakeholders

Procurement Manager, Finance Controller, Security Supervisor

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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