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Damages Quantification / Evaluation

 IGCCO Consulting's senior personnel have been designated and recognized as experts in the quantification of construction damages.
We have prepared and evaluated damages claims on many of domestic and international projects.
We are experts in the quantification, presentation, and evaluation of construction damages including:
  • Damages cause and effect
  • Direct damages (labor / material / equipment / subcontract)
  • Extended project costs (general conditions / general requirements)
  • Expanded project costs
  • Labor productivity loss / disruption
  • Cost escalation
  • Home office overhead costs

In addition to the types of damages indicated above, IGCCO Consulting's CPA and MBA experts are equipped to quantify, evaluate, and address general business damages.
Our additional damages related services include:

  • Accounting malpractice
  • Asset valuations
  • Breach of contract claims
  • Business interruption
  • Purchase price disputes
  • Business valuations
  • Bankruptcy
  • Complex financial transactions
  • Director and officer liability
  • Economic modeling
  • Fraud investigations
  • Insurance claims
  • Lender / Borrower disputes
  • Product liability
  • Problem loan assessment
  • Profit analysis
  • Fidelity bond claims

Labor / Productivity Analysis

 When a contractor bids and is awarded a fixed priced contract, it typically assumes that it can achieve a certain level of productivity in performing the work such that the contract will be financially successful.

When losses are suffered, additional labor costs can be the largest element of those losses.
Labor overruns can be attributed to numerous causes and factors.
One such cause which is commonly a point of contention between owners and contractors is direct labor productivity loss.
Proving and pricing lost productivity claims can be a difficult task.
However, if certain basic fundamentals are present, accepted methods of analysis do exist.
Additionally, from an owner's perspective, analyzing and responding to a contractor's productivity claim can be a difficult process.

IGCCO Consulting has prepared and analyzed hundreds of productivity claims totaling hundreds of millions of dollars.
Our productivity experts have been certified by courts and panels as experts in the field of labor efficiency and productivity loss.
We have in depth knowledge of productivity tracking and controls, impacts, industry studies, and quantification techniques.
These techniques include:

  • Total cost claims
  • Modified total cost claims
  • Industry studies (MCAA, CII, etc.)
  • Measured Mile Analysis
  • Discrete tracking and pricing of events

IGCCO's experts have prepared and analyzed claims, negotiated on behalf of our clients, presented in mediations, and testified in arbitration and in court on matters involving labor efficiency and productivity loss.

Risk Evaluation / Analysis

 IGCCO provides construction and engineering risk management by identifying and analyzing potential risks that may occur throughout the construction process.
IGCCO's professionals perform risk assessments on engineering and construction projects to assist our clients in preventing and mitigating costly delays and disruptions.

As construction and engineering projects increase in complexity, the magnitude of risk involved for owners, contractors, architects, engineers, investors, and financial institutions increases the possibility of negative impacts and damages on projects. IGCCO understands this potential.
Our construction professionals adapt to the continuously changing engineering and construction industries while maintaining proven practices and procedures throughout the construction process.
IGCCO's risk management team identifies and provides detailed comprehensive analysis of potential project impacts by utilizing the following techniques:

Risk Management Techniques

  • Decision Risk Analysis
  • Monte Carlo Simulations
  • CPM Schedule Analysis
  • Quantifying Expected Values and Modeling Risk Profiles
  • Decreasing Risk Aversion
  • Due Diligence

Risk Management Assessments

  • Risk Identification
  • Contract and Specification Requirements
  • Constructability Review
  • Budgetary and Final Project Costs
  • Schedule Acceleration
  • Change Order Identification and Approval
  • Request for Information (RFI) Assessment
  • Construction Methodology
  • Delays and Disruptions
  • Damages Assessment
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