Recoveries: Medical Center
This project was a $110 million GMP Design Build project with general conditions, concrete and structural steel at cost.
AUDIT SCOPE:
Review and analyze construction contracts with the Construction Manager who self performed much of the work on a cost plus basis, thoroughly review payment applications, Change Orders and cost documentation at KBC offices and the office of the Construction Manager.
Major over-billed costs were: |
|
| Over-billed labor fringes of operators | $397,397.00 |
| Duplicate materials or general conditions items | $249,337.00 |
| Subcontractor over-billings | $183,964.00 |
| Labor FUTA and SUTA over-billed | $161,130.00 |
| Overhead costs duplicated | $181,132.00 |
| Non contract billable markups | $279,208.00 |
KBC and our client performed negotiations and recovered $1,101,845 with another $876,412 under closed door settlement.
Auditing the Entire Construction Project
We make a worthwhile financial contribution to each client’s bottom line
We make a worthwhile financial contribution to each client’s bottom line
On-Going Monthly Audits
We identify over-billings at the earliest stage producing the maximum cost savings for our clients
We identify over-billings at the earliest stage producing the maximum cost savings for our clients
Close Out Audits
We assist our clients in recovering three to five times our fee.
We assist our clients in recovering three to five times our fee.