Forensic Consulting Services

VERTEX’s forensic accounting practice works on actual or anticipated disputes or litigation in matters that involve construction.

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.

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.

Expert Services

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.

Construction Project Audits

VERTEX’s forensic accountants perform construction audits for project owners and sureties to ensure that the construction costs billed by the contractor and payments made by the owner are appropriate. Construction audits help to identify actual and potential overpayments, overcharges, and reimbursable expense issues. 

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Key Personnel

Ron Boyle

Ron Boyle, CPA, CGMA

Executive Vice President, Forensic Accounting

Ron Boyle is the Executive Vice President of VERTEX’s Forensic Accounting Group. He has been an accountant for over 30 years, 26 of which have been in the surety, underwriting, and claims field. He has extensive knowledge of independent audits of construction companies. Currently, Mr. Boyle analyzes and reports the potential surety payment and performance bond exposure for various clients and performs on-site investigations of the books and records of bonded contractors; performs internal audit of surety expenditures; analyzes the financial condition of distressed contractors; reviews and analyzes surety payments to subcontractors and suppliers under surety financing agreements. In addition, Mr. Boyle evaluates and analyzes contractor claims against owners and subcontractor claims against contractors. Mr. Boyle also analyzes and reports the potential fidelity bond exposure for various clients and perform investigations of the books and records of parties claiming a loss due to acts covered by the fidelity bond. Mr. Boyle performs traditional accounting functions, such as reviews, compilations, tax research, lost profit analysis, cost segregation analysis and income and employment tax returns. 

News

Boston University Center for Computing & Data Sciences Groundbreaking

December 10, 2019

Rendering image courtesy of KPMB Architects  On Thursday, December 5, 2019, team members from Compass Project Management, Inc., a wholly-owned subsidiary of The Vertex Companies, Inc., attended the official Groundbreaking Ceremony for the Boston University Center for Computing & Data Sciences.  Due to open in 2022, the center will be state of the art in…

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VERTEX's CEO, Bill McConnell, to Publish Fundamentals of Construction Claims Book

November 18, 2019

VERTEX’s CEO, Bill McConnell, recently executed a publishing agreement with John Wiley & Sons, Inc. (NYSE: JW.A) for a book titled, “Fundamentals of Construction Claims: A 10-Step Guide for General Contractors, Subcontractors, Architects, and Engineers.” The book is expected to be published by the Summer of 2020. Bill has a Bachelor of Science degree in…

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VERTEX Creates Master’s Programs for Employees in Partnership with CU Denver’s Engineering School

November 11, 2019

During a recent CU Board of Regents meeting, VERTEX’s Chief Learning Officer, Russell Fitzpatrick, and CU Denver’s College of Engineering, Design and Computing Dean, Martin Dunn, led a discussion about the success of their partnership and what made it possible. “VERTEX and CU share a vision for the future that incorporates a lifetime of learning…

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VTX Consulting Services Celebrates 6 Years

October 29, 2019

VTX Consulting Services Inc.8750 Holgate Crescent Milton, ON L9T 0K3 VTX Consulting Services Inc. (VTX), the Canadian subsidiary of The Vertex Companies Inc., is celebrating 6 years. Since 2013, VTX has continued to grow its operations, expanding expertise in all service areas and remaining committed to achieving the highest levels of service for clients. Headquartered…

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VERTEX Awarded ENR Mountain States Best Small Project of 2019 for SugarSquare

October 17, 2019

VERTEX is proud to be part of the ENR Mountain States 2019 Best Small Project winning team as the structural engineering consultant on the SugarSquare project in Downtown Denver, CO. Congratulations to Urban Villages, Semple Brown Design, P.C., Jordy Construction and IMEG Corp. (formerly MKK Engineers). SugarSquare is a four-story, 11,400-sq-ft building in Denver’s LoDo…

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Blog

What is an Expert Witness and how can they help me?

March 5, 2019

With the continued growth in litigation over the past several years, VERTEX has seen a steady increase in expert consulting work to support our clients. VERTEX has been retained to act on behalf of plaintiffs and defendants in regards to liability and damages. The main goal of expert consulting is to add value to the…

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Measuring the Reasonableness of Completion Costs Post Termination: Part 3

April 12, 2018

So far, we have covered how to determine if completion costs are reasonable and which completion costs should be considered reasonable. As we conclude our series, we will discuss which completion costs should not be considered reasonable. What Costs are Not Reasonable for Recovery? Costs may have been incurred in the completion of the work that are…

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Ladder Safety Training Video

April 11, 2018

According to the National Institute for Occupational Safety and Health (NIOSH), over 500,000 people are treated each year for ladder related falls. Whether you use a ladder out in the field, in your workplace or at home, safety should always be your number one priority.  At VERTEX, safety is part of our culture. We recently hosted…

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Measuring the Reasonableness of Completion Costs Post Termination: Part 2

April 2, 2018

Last week, we discussed how to determine if completion costs are reasonable. As we continue the series, we will discuss which construction completion costs should be considered reasonable. When Are Costs Deemed Reasonable? Reasonableness can be a subjective determination. In cases of construction contracts under federal contracting guidelines, the Federal Acquisition Regulation (FAR) contemplates that…

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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.[1] In other words, the non-default party…

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