Construction Cost Auditing
CCR's team of engineers, architects, construction managers, cost estimators, and construction accountants specializes in conducting construction cost audits for clients entering into lump sum, cost plus, unit cost, time and material, and/or guaranteed maximum price agreements with general contractors and construction managers. Our services assist the owner's team from start to finish.
Pre-Construction through Close-Out Services
We find that a proactive approach is the best way to mitigate construction claims. Whether assisting in the negotiation of contracts, vetting contractors, setting-up project cost controls, reviewing change orders, identifying erroneous invoices, approving requisitions, and identifying other non-contractual/inappropriate costs through the project close-out, CCR is part of your construction control process. Through CCR's extensive experience in construction auditing, a custom work-scope is developed to address specific project related risk.
Post Construction Audit Services
Often the GC or CM are not well informed of all the specific terms of the contract relating to reimbursable costs, shared savings, allowances, replacements, etc. As a result, accounting errors are made that result in overcharges to the owner or joint venture partner. Overcharges are typically found in areas such as payroll, administrative support, general overhead, general conditions, insurance, change orders, sales tax, substitutions, developer fees, etc.
Although many contracts contain a "right-to-audit" clause, few owners exercise this right. Not only is the paperwork generated during the course of a project voluminous, but owners and joint venture partners usually do not have sufficient personnel with the necessary expertise to examine the agreements, invoices and receipts, and to identify inappropriate charges or duplicate invoicing.
In the event that the parties decide to use mediation or litigation to resolve a dispute, CCR's team has the litigation support experience required.