Cost Recovery Review
Many projects involving construction or large capital expenditures result in overruns and overpayments. Unfortunately, the magnitude of these project overruns is often significant. Even in well-controlled environments it is not unusual to find recovery amounts between one and three percent of total construction costs. For companies with less than optimal controls, the amount of overruns can reach from five to ten percent.
Major construction or capital expenditure projects creates significantly more billing and payment transactions that must be managed at a faster than normal pace. This increase in volume, complexity and urgency also increases the risk for errors, such as duplicate payments.
Our expertise is in helping clients perform cost recovery reviews across many different industries and geographic locations. As a result, our professionals are equipped with an up-to-date knowledge base of what to look for, and where. Through years of performing these reviews, we have developed a risk-based approach which decreases your exposure to overruns and maximizes dollar findings and recoveries. This approach analyzes each cost area (labor, equipment and materials), identifies anomalies, and determines where statistically valid testing can be performed to draw proper conclusions.
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