Why CBIZ?
With years of experience serving the construction industry, CBIZ offers unmatched expertise in construction cost reviews and consulting. Our services provide:
- Comprehensive Analysis: Review of budgets, labor rates, and cost reporting systems.
- Proactive Guidance: Insights during contract negotiations to avoid potential pitfalls.
- Proven Results: Cost recoveries and accurate reporting that protect your financial position.
Precision in Construction Cost Reviews
Construction projects, regardless of size or complexity, often involve significant expenses. CBIZ Construction Cost Review Services ensure you only pay for the services and materials specified in your contracts. Our experienced professionals analyze every detail to protect your financial investment and mitigate risks.
- Identify cost-saving opportunities early in the process.
- Verify project costs against contract terms.
- Implement risk mitigation controls for future projects.
Comprehensive Construction Cost Reviews
Detailed reviews to ensure construction costs align with contract terms.
Ensure your construction contracts include clear and transparent language regarding reimbursable and non-reimbursable project costs.
Analyze proposed budgets, including general conditions, allowances, and contingencies, to ensure accuracy and compliance.
Validate labor rates, equipment rental rates, payment applications, “buyout” items, and other project-related costs against contract terms.
Assess the adequacy of contractors’ cost reporting systems to promote accuracy and transparency.
Identify credits due to your organization and confirm they’ve been properly applied.
Implement internal controls to mitigate risks and protect your construction investment.
Contract Language Review
Ensure your construction contracts include clear and transparent language regarding reimbursable and non-reimbursable project costs.
Construction contracts can be complex, often leading to misunderstandings about costs. CBIZ ensures your contracts clearly outline reimbursable versus non-reimbursable expenses to avoid future disputes.
- Identify vague or ambiguous contract terms.
- Confirm alignment between contract language and project goals.
Budget Analysis
Analyze proposed budgets, including general conditions, allowances, and contingencies, to ensure accuracy and compliance.
Effective budgeting is essential for controlling project costs. CBIZ reviews every aspect of your proposed budgets to identify potential discrepancies.
- Verify general conditions, allowances, and contingencies.
- Provide recommendations for cost-saving adjustments.
Cost Validation
Validate labor rates, equipment rental rates, payment applications, “buyout” items, and other project-related costs against contract terms.
CBIZ ensures project costs align with agreed-upon contract terms to prevent overbilling and unnecessary expenses.
- Validate change order requests and insurance costs.
- Ensure all expenses meet contract criteria.
Contractor Cost Reporting
Assess the adequacy of contractors’ cost reporting systems to promote accuracy and transparency.
Transparent cost reporting is critical for effective project management. CBIZ evaluates reporting systems to ensure they meet your standards.
- Identify weaknesses in cost tracking and reporting.
- Recommend improvements for greater financial transparency.
Credits and Adjustments
Identify credits due to your organization and confirm they’ve been properly applied.
CBIZ uncovers potential credits and accurately reflects them in your project financials.
- Recover missed credits or unclaimed adjustments.
- Reduce overall project costs through detailed credit analysis.
Risk Mitigation
Implement internal controls to mitigate risks and protect your construction investment.
Proactive risk management safeguards your projects from unexpected challenges. CBIZ designs and implements robust internal controls.
- Minimize financial and operational risks.
- Create a framework for long-term project success.
