Based on our findings, our client questioned the mark-up calculations with the general contractor, who then agreed to amend the contract, which amounted to savings in excess of $70,000 on the refurbishment project (an almost 200% return on investment to the owner).
In addition, the general contractor, who was recently awarded the additional $175 million hospital expansion, agreed to carry the new calculation forward into that contract, for an estimated $1,200,000 additional savings. This was a return on investment to the owner of more than 3,000% versus previous terms.
How We Help Companies Succeed
Our Capital Projects and Contracts professionals help organizations better align business processes, people and technology to maximize contract compliance and reduce cost over billings. Our experienced professionals use our proven methodology to assist companies in identifying, measuring and mitigating the risks inherent in contract activities. We help companies gain control of their contracts, processes and risks.