Cost Recovery

We believe cost recovery reviews are beneficial to ensure a company can not only limit exposure to excessive or inaccurate third party billings, construction costs, and duplicate vendor payments, but also identify opportunities to maximize cash flow. The nature of our various cost recovery projects depends upon the client’s specific needs. In addition to reviewing contracts, we also assist clients in analyzing the root causes which give rise to the cost recovery items.

Engagement ExamplesPotential Benefits

  • Accounts Payable and Vendor
    Management Review
  • Detect and recovery of duplicate vendor payments
  • Identify missed discount opportunities to improve cash flow
  • Implement improved procedures, including invoice consolidation strategies, national account negotiations, and vendor master file clean up

  • Construction Project Cost
    Recovery Audit
  • Identify inaccurate or inappropriate contractor billings for potential recovery
  • Recommend contract language modifications to help minimize cost recovery/disputable items in future contracts
  • Enhance construction management processes to address root cause issues identified during review

  • Third Party Contract Review
  • Identify and recover inappropriate or inaccurate rates, quantities, and other items on third party invoices
  • Enhance contract review processes to address root cause issues identified during review

  • Joint Venture Contract Review
  • Identify inappropriate allocations on joint venture projects
  • Identify and recover of costs that were unrelated to the joint venture project
  • Enhance contract review processes to address root cause issues identified during review

  • Payroll Cost Analysis
  • Identify “ghost” employees, high overtime situations, and duplicate employee payments
  • Develop continuous auditing techniques and reports for timely activity monitoring
  • Discover areas for process improvement and avoid underutilization of existing workforce
  • Determine overpayments of overtime hours