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
Auditing Project Controls
We identify cost saving/prevention and cost-payment recoveries
We identify cost saving/prevention and cost-payment recoveries
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.