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Managing the Contractor Billing Process
Owner's Solution Guide Managing the Contractor Billing Process For Owners of Commercial and Residential Construction Projects Cash is the fuel that drives all construction projects. Cash is needed to...
The Construction Contract’s Financial Controls
Owner's Solution Guide The Construction Contract's Financial Controls For Owners of Commercial or Residential Construction Projects Paraphrasing from a well-known college football coach, nothing is...
Obtain Competitive Bids from a Reputable GC V2
Obtain Competitive Bids from a Reputable GC V2 A critical early action that a project owner (Owner) can employ to control the cost of construction, is to solicit price quotes from the competitive...
Project Design is the First Defense Against Excess Costs
Project Design is the First Defense Against Excess Costs The project's design is the first opportunity for the project owner ("Owner") to: Control construction cost, and Establish a foundation for...
Residential Owner Avoid Contractor Over-Billing
Residential Owner Avoid Contractor Over-Billing It is typical for Owners of all types of construction projects to incur contractor over-billings. This is particularly true for owners ("Owners") of...
Subcontractor Bidding Process
Subcontractor Bidding Process Experienced developers and owners of high value residential construction projects (collectively "Owners") know that the subcontractor bidding process is the last best...
Protect Your Construction Project from Contract Billing Abuse
By: Jim Schmid Managing Director, ResX, PC; www.ResXpc.com By: John Sier Partner, Kitch Attorneys & Counselors; www.Kitch.com February 2021 Don't be a Victim : Safeguard your Construction Project...
Why Senior Management Must Evaluate a Construction Project’s Financial Risk
During your tenure in Senior Management you may be held responsible for a multi-million dollar construction project without having any in-depth experience in construction or new facility activation....
Hospital Design will Change in the Aftermath of COVID-19
Hospital senior executives now realize that hospital design will likely change as a result of the Covid-19 outbreak. These changes will follow the pattern experienced by airports and commercial...
Prepare for the Coming COVID-19 Aftermath
WARNING - Construction Project Owners Prepare for the Coming Covid-19 Aftermath If you are a Senior Executive and your institution (e.g., hospital, university, utility) is engaged in a major...
Controlling the Cost of High-Value Residential Construction The Dream and the Nightmare
This is the first in a series of articles offered by ResX, PC on controlling the cost of High-Value Residential Construction Projects. This series is intended to help the close personal advisors to...
Construction Fraud/Waste/Abuse Case Study: Causes of Construction Budget Disasters - Part 1
A construction auditor is constantly benchmarking performance. We benchmark performance against the contract, Owner policies and procedures, industry norms, and budgets. As a result, our experience...
Tracking Buy-Out Savings on GMP Construction Projects
Many universities, hospitals, and utilities build construction projects using the Guaranteed Maximum Price (GMP) contract form. This approach usually is performed in two phases, pre-construction and...
Construction Fraud/Waste/Abuse Case Study II: Spotting Problem's in the Contractor's Pay Application
Spotting Problem's in the Contractor's Pay Application We are pleased to provide the second article in our series of articles on construction fraud investigations and construction audits. This series...
Construction Fraud/Waste/Abuse Case Study III: The Role of the Construction Auditor in Construction Claims
The Role of the Construction Auditor in Construction Claims The construction auditor’s role is to give the construction project owner (“Owner”) assurance that the construction manager or general...
Overbilling and Defrauding the Construction Project Owner by Understating Contract Deductions
What many people do not realize is that overbilling and/or fraud frequently occurs where you are least likely to look. In our experience we have seen that fraud controls are often weak when it comes...
Construction Fraud/Waste/Abuse Case Study I: CM Performing Sub-Subcontractor Work for One of its Subcontractors
We are excited to announce our first series of articles discussing construction fraud investigations and constructionaudits. This series presents the results of what we have learned during the past...
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