Recoveries: Parking Garage

parking garage resultsThis project was an $18 million GMP project with general conditions, concrete and structural steel at cost.

Audit Scope

Review and analyze construction contracts with the Construction Manager, concrete and structural steel subcontractors; thorough review of payment applications and cost documentation at KBC offices.

KBC created Audit Issue Backcharges amounting to $764,396.

Major over-billed costs were:
Extra craft labor markup   $358,265.00
Billed wrong project   $136,126.00
Excessive Liability Insurance billings    $68,929.00
Over-billed supplier costs$41,471.00

KBC and our client performed negotiations to recover $629,000.