Working with the Owner and project manager we were able to successfully negotiate a significantly higher credit than offered in the conversion from GMP to Lump Sum.
Construction Audit
Project Final Accounting
The audit revealed over-billing due to errors on SDI, fee calculations, sales tax charges, and general conditions costs.
Review of GMP
The audit helped the owner save $500k in general conditions costs.
Allowances
An audit revealed a huge overstatement on contractor-stated allowances, and the owner used the credit back to add extras the the building.
Subcontractor Default Insurance (SDI)
Based on research of subcontractor claims history and SDI costs, C&M helped the owner save on SDI costs.
Six Commandments of Construction
After 20 years of auditing construction projects, we’ve found some rules to be true – we call them The Six Commandments of Construction: Never pretend to know more than you do. Always do your homework to know what you are buying (and selling). Know that you have...
Construction Audit in a Time of COVID
The COVID-19 Pandemic has affected nearly every business in some way, and construction projects are no exception. Conducting normal business routines became a challenge initially with restrictions on face-to-face meetings and traveling. Thanks to technology at hand,...