VERTEX’s forensic accountants manage complex accounting assignments on challenging construction claims throughout the globe.
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 expertise in construction and fund accounting to meet and exceed client expectations.
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.
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.
BI insurance replaces lost business income when operations are affected by a covered cause. It aims to restore financial status but doesn’t cover property loss. Covered causes include fire, hail, wind, while bacteria, flood, and viruses are typically excluded.
At VERTEX, our rigorous claim evaluation process involves understanding the insured, conducting preliminary analysis, assessing loss claims, and creating independent work papers to identify discrepancies. Our experienced experts ensure successful resolution of business interruption claims.