Close Out Audits
If our client wants an audit at Close Out, we perform a short Audit Risk Analysis to determine the range of expected loss/recovery. Our Audit Risk Analysis can help our prospective client determine what type of fee arrangement is best for them.
Frequently, we help our Clients recover three to five times our fee.
We audit final Payment Applications, final subcontractor billings, contracts, approved Change Orders, plus Lien Waivers. We perform special close-out audit procedures to ensure accurate billing amounts. Over-billings are researched back to their beginnings so our Client receives the maximum benefit from our audit findings.
Our client can chose what extent they want to participate in the audit process. KBC can furnish reports to our Client for modification under their name, send our reports directly to the contractor for a response or send our reports to our Client representative before submission to the Construction Manager.
Regarding claims, KBC can work independently, partner with our client or help them negotiate with their contractor to recover over-billings.
We make a worthwhile financial contribution to each client’s bottom line
We identify over-billings at the earliest stage producing the maximum cost savings for our clients
We assist our clients in recovering three to five times our fee.