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
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.