Industries
AI-led contract and controls testing for real estate and infrastructure
IRA, IRAME's AI auditor, matches every contractor bill to its contract and bill of quantities. Overbilling is caught before payment.
Used by internal audit and finance teams at
IRAME tests each of these on every transaction. Here is what a failure looks like.
Bill of quantities, award and contract match
Progress bills
Change orders and extra items
Advances and retention
Material reconciliation
Buyer collections and escrow
Broker payouts
What each failure looks like
- Bill of quantities, award and contract match
- A progress bill charges a rate the contract does not allow.
- Progress bills
- Work already paid is billed again in a later progress bill.
- Change orders and extra items
- An extra item is paid with no approved change order.
- Advances and retention
- A mobilization advance is not recovered from later bills.
- Material reconciliation
- Cement issued to a contractor does not match the work billed.
- Buyer collections and escrow
- Buyer payments for a project are not moved to its escrow account.
- Broker payouts
- A broker is paid on a booking that was later canceled.
Each one runs on the same control library. Each exception goes to an owner in Action Hub.
One published result. Read the story for how the work was done.
Customer story · EPC contractor
700+
contracts matched to their bills of quantity and letters of award
Customer names are withheld in every story.
Each line is a plain summary. It is not legal advice.
| Region | Rule | What it asks |
|---|---|---|
| US | SOX 404 | US-listed companies assess internal control over financial reporting (ICFR) every year. |
| ASC 606 | Sets when revenue from a contract, including construction work, is recognized. | |
| GCC | Dubai Law No. 8 of 2007 | Off-plan sale proceeds go into a project escrow account. |
| Saudi Wafi program | Regulates off-plan property sales in Saudi Arabia. | |
| India | CARO 2020 | The statutory auditor reports on set matters, including inventory, fixed assets and loans. |
| RERA 2016, s.4(2)(l)(D) | 70% of buyer collections for a project go into a separate account. | |
| Ind AS 115 | Sets when revenue from a property sale is recognized. |
More on each region: IRAME in the United States and IRAME in the GCC.
Can IRAME match contractor bills to the contract?
Yes. IRA matches each bill to the bill of quantities, the letter of award and the contract. An EPC contractor reconciled 700+ agreements this way, about 98% faster.
Can IRAME read scanned contracts and bills?
Yes. Document Forensics reads PDFs, scans and images with GenAI, extracts rates, quantities and dates, and matches them to the transaction.
Does IRAME replace site visits?
No. Site visits and measurement checks stay with your team. The result is uploaded against the exception in Action Hub, so the file holds both.
Stop sampling. Let IRA test everything.
Bring one process. In 30 minutes we show you the exceptions IRA finds and the evidence behind each one.