Forensic Consulting Services

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.

Expert Services

VERTEX’s pool of experts have 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.

Funds Control

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.

Staff Augmentation

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. 

Document Management

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.

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Key Personnel

Managing Director, Construction Services

Mark Degenaars, LEED GA

Mark Degenaars, LEED GA

Mr. 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.

News

VERTEX Supports 12th Annual Women in Construction Conference

October 17, 2017

VERTEX is proudly sponsoring and attending the 12th Annual Women in Construction Conference, held in Washington D.C. on Tuesday, October 24th. Since 2006, the conference has provided an avenue for younger women to learn from senior executives and industry professionals and offers networking and mentoring opportunities to all attendees. More than 300 men and women…

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VERTEX Will be at the RealShare Healthcare Conference

October 10, 2017

VERTEX is pleased to participate on a panel of educators in the upcoming RealShare Healthcare Conference in December. The healthcare industry progresses to transform, as it responds to the two-prong directive of serving a growing patient population while controlling the inflation in the price of the services it delivers. In addition to market pressures, the…

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State of the Industry

September 30, 2017

William J. McConnell PE, JD, MSCE, CDT, Chief Executive Officer of VERTEX, Presents his Annual Assessment of the US Economy, Construction and Surety Industries  As our valued customers, we want to share it with you.  S P O I L E R  A L E R T The US market is in its 99th month…

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VERTEX Co-Presenting at CFMA Midwest Regional Conference

September 26, 2017

VERTEX’s Ryan Phillips, EVP, is co-presenting with John E. Sebastian and Lauren E. Rankins of Watt, Tieder, Hoffar & Fitzgerald, LLP at the CFMA Midwest Regional Conference on September 27th in Oak Brook, IL. They are presenting on the topic of construction documentation and how to successfully manage risk and preserving claims.

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VERTEX Speaking at the Surety Association of Canada AGM Young Professionals Event

September 22, 2017

We are pleased to announce that Andrew Zagorski, Division Manager of VERTEX’s Canadian subsidiary, VTX Consulting Services Inc., will be speaking at the Surety Association of Canada Young Professionals Event on Thursday, September 28th. The event, generously sponsored by Travelers, will cover the ‘2 of the Cs of Surety: Character & Claims’.  Surety professionals know the…

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Blog

Best Practices - Documenting Costs in Construction Post-Termination

September 19, 2017

Construction is fraught with challenges; following a few best practices will go a long way if terminations occur. If it is worth doing, it is worth documenting: Project records are key to identifying and substantiating completion costs. Records will be requested and must be furnished to the defaulted party upon request. Good project records often…

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Roof Claims and Reconstruction in Florida - What You Need to Know

September 14, 2017

Insurance claims will be common in the state of Florida in the coming weeks and the job of repair and reconstruction will begin. The Florida Existing Building Code (FEBC) and the Florida Building Code, Residential (FRC) have some nuances when it comes to reroofing.  If you are involved in the forensics of roofing claims, or…

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The 2017 Hurricane Season - How it Compares

September 6, 2017

It is obvious that we are in the midst of a very active and dangerous hurricane season. The development of consecutive storms: Harvey, Irma, Jose, Katia, has a lot of people asking questions. Many are also struck by the intensity of the 2017 hurricane season. Harvey had record breaking rainfall with 51.88″ recorded. That’s now…

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The State of the Economy - Where Are We Headed?

June 2, 2017

Over the first two quarters of 2017, we have witnessed some interesting trends. Year to date, the NASDAQ is up by 15.36% and the S&P500 is up by 8.81%. The NASDAQ growth has largely been fueled by high tech companies such as Apple and Amazon. Despite the robust equities market, the US gross domestic product…

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Structural Inspections Get Help from Rope Access

May 10, 2017

Structural inspections benefit from rope access as an alternative to traditional inspection methods in terms of cost effectiveness and convenience. The advantages of rope access are especially apparent to those in charge of commercial buildings and infrastructure system components. Cost Efficient Rope access requires less equipment, personnel, time, scheduling, and logistics than traditional structural inspections….

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