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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