|
Overview
The magnitude and intricacy of construction projects
cause a high frequency of claims and disputes between owners, contractors,
subcontractors, sureties and other involved parties. Claims for damages can
be substantial, and the data analysis is often complex. The construction
project environment typically generates an enormous volume of documents –
from the original contract, change orders and payment requests to internal
memoranda and correspondence between the parties. The parties and
professionals participating in complicated and information-intensive
disputes understand the critical need for qualified construction claims and
litigation consultants.
Specific Services
Our firm’s construction accounting experience stems
from engagements involving residential and commercial real estate
development, shipbuilding and repair, public works projects and
manufacturing facilities, as well as environmental cleanup sites. We
provide accounting and financial analysis for the following types of
construction litigation issues:
- Original Estimate Analysis
■
Unabsorbed Overhead
- Bid v. Actual Cost Review
■
Fixed v. Variable Cost Analysis
- Identification of Changed Work
■
False Claims Analysis
- Incurred Cost Analysis
■
Contract Closeout Audits
- Determination of Cost and Pricing Rates
■
Lost Profits and Business Opportunities
- Delay and Disruption – Local and Cumulative
■
Cost of Capital
- Acceleration and Loss of Efficiency
■
Consequential Damages
Relevant Experience
Our extensive construction claims experience is
illustrated by the following examples:
- Analyzed potential damages resulting from
architect’s alleged professional malpractice.
- Evaluated historical project cost reporting and
prepared reliable incurred cost analyses and cost to complete
projections related to the construction of a new high school.
- Assessed lost profits
and consequential damages related to a commercial/loft development that
was never completed.
- Prepared an owner’s
damages claim for cost overruns and delays at a residential housing
development. Analyzed project records and worked with construction
experts to allocate damages between the general contractor and over
twenty specific subcontractors.
- Performed formal and
constructive change order claims analysis involving numerous different
shipyards and a greater number of contracts.
|
