Project Management / Construction
In today’s construction environment, it is vital to have processes in place to ensure that your primary contractor and subcontractors are in compliance with your contracts. These contractor compliance reviews are a valuable component of any risk management and post-procurement process.
Our post-construction review offers the opportunity to detect control weaknesses, close gaps on future contracts, and recover lost profits. In our typical reviews, recoveries are made in areas such as improper billing for contractor time, inappropriate mark-up of costs, process improvements, missed revenue from change orders, and rebilling for items that are contractually covered by overhead. Herrod and Associates’ professional staff will carefully analyze payment processes, identify payment errors, and provide recommendations for contracting and payment process improvements.