Irvine Firm is Awarded LADWP Contract to Conduct Various Performance Audits. GCAP was selected by the LADWP to review over 30 contracts and to identify and propose alternative contracting practices for the Department to achieve maximum value from its contracts, including materials, rental, professional services and construction contracts. GCAP is responsible for assessing the following areas: Effectiveness and results (in terms of ensuring that the desired results, objectives, targets or policies have been successfully achieved) Economy (in terms of minimizing the cost of resources used on contract tasks, having regard to quality) Efficiency (in terms of ensuring the maximum output of goods and services has been gained from the resources used in conducting contract tasks) Internal control and direction of contract Compliance with federal, state, and local laws and regulations, City and Board policies, and Mayoral Directives Accountability The work includes the development of a comprehensive and detailed project schedule, audit plan, interview schedule, document request listing, and various audit tools to ensure a complete review of individual agreements. Several draft and one final report is required as part of the overall audit work.