Our talented team of construction, engineering, accounting, and architectural professionals have worked on thousands of payment and performance bond claims that, in aggregate, relate to billions of dollars of work and that spans every sector and every division of construction. In addition, we have served as a completion contractor on projects of all sizes that are located throughout the globe.
Forensic Accounting Services
VERTEX provides construction accounting analysis including complete exposure analysis, joint control account administration, payment bond claim accounting, claim payment administration, accounting software analysis, financial statement evaluation, asset evaluation, salvage valuation, budgeting and cash flow analysis, payroll monitoring, prevailing wage and labor claims, income payroll and sales/use tax analysis, accounting office supervision, interim CFO and accounting staff, cost to complete estimates, construction delay cost analysis, claim and lien release negotiations, and specialized surety reports. VERTEX provides the expertise in construction and fund accounting to meet and exceed client expectations.
Performance Bond Claim Consulting
VERTEX has a deep bench of experienced surety claims professionals that have worked on thousands of performance bond claims that relate to all divisions of construction. In the event of a performance bond demand, our team can offer the following services: pre-termination evaluation; termination review; cost-to-complete estimate; project relet; project monitoring; contract administration; latent defect evaluation; overpayment evaluation; and closeout administration.
Payment Bond Claim Consulting
VERTEX’s team of engineers, construction managers, architects, and accountants assist surety providers review payment bond claims from subcontractors, suppliers, labor claimants, and tax organizations. Our understanding of contracts, state law, federal law, FARS, construction means and methods, and fair market value allows VERTEX to provide sureties the information that is needed to make timely decisions on the proper amounts to pay on individual claims.
Surety Completion Contracting
VERTEX provides completion contracting services on projects of all types and sizes where the original contractor does not complete its contract work due to a termination for convenience or for cause. VERTEX understands the subcontractor ratification process and intricacies involved in the proper estimation of partially completed work. VERTEX completes partially completed and typically distressed projects throughout the globe. While serving as a completion contractor, VERTEX maintains the best interests of the surety through the course of construction.
Construction Claim Consulting
VERTEX has full time construction claims personnel that are experts in assembling affirmative claims for overpayment, differing site conditions, added scope, cardinal changes, delays damages, loss of productivity, maladministration, wrongful termination, etc. This same team is equally qualified to rebut claims asserted against sureties and their principals. In the event that the dispute is elevated to mediation, arbitration, or litigation, sureties can rely on VERTEX team of experts to provide strong testimony.
VERTEX’s pool of experts has individually testified up to 150+ times in state courts, federal courts, traditional arbitration (AAA, JAG, etc.), and ICC arbitration. Our experts are qualified in construction claims, engineering issues, cost estimating, allocation, construction means and methods, surety completion contracting, and surety claims administration.
When funding a contractor, our clients require experienced personnel in construction and accounting to ensure receipt of funds from the project owner and proper disbursement of funds to subcontractors, vendors, suppliers, labor unions, etc. VERTEX provides expertise in fund control to ensure timely and accurate services.
Often times VERTEX is called upon to augment the surety’s staff be it assisting in claim writing or acting as the Owner’s Representative on behalf of the surety. Some of our Staff Augmentation Services include project scheduling, project engineering, assistant project management, senior project management, quality control, safety, risk management, assistant superintendence, and general superintendence.
Surety providers frequently retain VERTEX’s IT experts to copy and digitally retain all files from bond principals when surety obligations are triggered because of payment and /or performance issues. VERTEX typically collects accounting information, contract documents, emails, letters, etc. and preserves the information on our cloud server, which can retain any amount of information for as long as necessary. This service allows sureties to rest easy knowing that relevant project information will not go missing overnight.
Contract Claim Disputes
Our construction claims team prepare affirmative claims and rebuttal reports for disputes that involve: scheduling, scope, productivity, differing site conditions, maladministration, over-payment, unjust enrichment, default termination, etc. VERTEX works on claims that range from several thousand dollars to several hundred million dollars.
Mark Degenaars is the Managing Director of the Construction Services vertical within The Vertex Companies, Inc. He has been with VERTEX for over 5 years with a primary focus as a consultant to the surety claims industry and private public developers. Mr. Degenaars brings over 20 years of project management, facility management, private / public development and construction experience to each assignment. Mr. Degenaars has successfully managed a large variety of projects ranging from various types of vertical construction to heavy highway / civil design projects. Mr. Degenaars has served as an expert and fact witness for a variety of projects. Prior to joining VERTEX, Mr. Degenaars owned and managed his own consulting firm for nearly a decade.
VERTEX Exhibiting at The Florida Bar Construction Law Institute
March 8, 2018
VERTEX’s Kevin Maxwell and Dan Mondo will be attending and exhibiting at the 11th Annual Florida Bar Construction Law Institute in Orlando, Florida on March 9th and 10th. The purpose of the Institute is to gather leading, experienced and establish construction law practitioners, contractors and other industry professionals for a two-day seminar focused on in-depth, leading…
VERTEX Sponsors 4th Annual Risk Control Event at Coors Field
March 7, 2018
VERTEX is proud to be the drink sponsor at the 4th Annual Risk Control for Architects, Engineers and Environmental Professionals event at Coors Field in Denver, Colorado on April 11th. This year’s topic will be Trends and Strategies for Improved Performance and Profitability. Presentations will be given by legal, insurance and risk control professionals in connection with…
VERTEX Exhibiting at Joint Civil & DoD CBRN Symposium
March 6, 2018
VERTEX’s Cliff Cooper, Erik Borgesen and Michael Plainte will be attending and exhibiting at the Joint Civil & DoD CBRN Symposium in Alexandria, VA on March 5th and 6th. They will be showcasing our new Air Tracer technology that enables clients to measure an air parcel as it moves through a building. The 6th Annual Joint Civil & DoD…
Denver Business Journal Awards VERTEX as a Top Engineering Firm
March 2, 2018
Denver Business Journal recently awarded VERTEX as a Top Engineering Firm. Announced on February 16th, VERTEX was ranked in the Top 25. Rankings were based on the number of licensed engineers in Colorado since November of 2017. Learn more about VERTEX’s work in the mountain west.
VERTEX Exhibiting at the Texas Construction Law Conference
March 1, 2018
VERTEX is excited to be attending and exhibiting at the 31st Annual Construction Law Conference at The La Cantera Resort & Spa in San Antonio, Texas. The conference will take place on March 1st and 2nd. Stop by our table and say hello to Alan Barnes, Aaren Benson and Lance VanDemark. Looking forward to seeing you there! For…
Measuring the Reasonableness of Completion Costs Post Termination: Part 1
March 20, 2018
If an owner terminates its contractor for cause, or if a general contractor or construction manager terminates one of its subcontractors for cause, it owes the terminated party as well as its surety, if applicable, a duty to incur only the reasonable and necessary costs to complete the work. In other words, the non-default party…
Effective Facility Closure: A Risk Management Perspective
February 13, 2018
Facility closures need the effective application of project management techniques to ensure that the closure can effectively be completed with safe, physically secure, and economically, environmentally, and socially responsible outcomes. Risk management is among the key project management processes that provide systematic accounting of project uncertainties and risks to ensure a right set of strategies…
Window Flashing 101 - The Proper Way to Flash a Residential Finned Window
January 30, 2018
The most prevalent of all window types is the residential grade window with a nailing fin. While the most prevalent, many engineers, architects, and general contractors lack an understanding of how to properly flash this type of window. Here are some tips and industry standards to watch for in your next residential finned window flashing installation. Window Flashing Basics…
Concrete Mix Issues - Where to Start Troubleshooting
January 18, 2018
When concrete mix issues arise onsite, it has the potential to delay or halt construction and can quickly turn an otherwise amicable project team into a finger-pointing, litigious environment. Figuring out how the issues arose or who might be liable is a complex process given all the parties involved in concrete construction from designer to supplier…
Hydraulics & Stormwater - What We've Seen from the Trenches
December 23, 2017
Every day, VERTEX’s Forensics team assists insurance carriers and their counsel with numerous claims on various building and property issues. Two recent homeowners’ insurance claim investigations have concerned drainage from adjacent neighboring houses and developments. These claims serve as excellent reminders to be mindful of the effects of hydraulics, water flow, and stormwater management at…