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

VERTEX's Bill McConnell to Speak at ASC 2019 International Conference

April 11, 2019

On Friday, April 12th, VERTEX CEO, Bill McConnell, will be presenting at the ASC 2019 International Conference along with Carloine Clevenger, Assistant Director of Construction Engineering and Management at University of Colorado Denver. Learn more about VERTEX’s educational partnership with University of Colorado Denver. 2019 Theme: The Business of the Built Environment Join industry professionals who will…

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Expert Water Management + Comprehensive Insurance = Integrated Risk Management

April 9, 2019

Legionnaires’ Disease and Insurance  As the number of reported Legionella infections has increased, so has the number of lawsuits and claims. In reaction to the growing number of claims made asserting liability for illnesses related to exposure to Other Opportunistic Premise Plumbing Pathogens (OPPPs) and the higher standard of care that must be met to…

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VERTEX University Partners with Joshua N. Weiss, Ph.D.

April 4, 2019

VERTEX University has partnered with Joshua N. Weiss, Ph.D., the co-founder of the Global Negotiation Initiative at Harvard University, a Senior Fellow at the Harvard Negotiation Project, and President of Negotiation Works, Inc., to develop a series of courses (Conflict Analysis, Conflict Dynamics and Conflict Resolution) for the VERTEX team. Many of VERTEX’s projects involve…

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VERTEX is Contracted to Refresh a Denver Icon

March 8, 2019

  At the center of the circular soffit – sometimes referred to as “the mothership” by management – is the new elevator feature, the construction of which posed a number of challenges to both the design and construction. The previous elevator base had been wrapped in dark gray granite with a water feature draining into…

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VERTEX Acquires Compass Project Management, Inc.

January 18, 2019

The Vertex Companies, Inc. (VERTEX) is pleased to announce the acquisition of Compass Project Management, Inc. (Compass). “To VERTEX this acquisition is about joining forces with an amazing company whose mission and core values are aligned with ours.” said Jeff Picard, President of VERTEX. “Together we believe we will create more value to our employees and…

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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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