Recoveries: Parking Garage
This 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 and recovered $629,000.
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.