Construction Cost Control and Risk Consulting Services

Indicators of Need
Benefits
Approach, Methodology, and Services
Qualifications

Effective process design and internal controls allow companies to optimize their significant investment and guard against foreseeable and unforeseeable risks.  Commercial Cost Control, Inc. has a proven methodology based on years of experience and research from a variety of sources including the Construction Industry Institute (CII). This process and the deep experience of our professionals make us uniquely qualified to assist companies in identifying, measuring and mitigating the risks inherent in capital projects.

Commercial Cost Control, Inc.’s capital project and construction service offerings are focused toward supplying executives with meaningful decision support solutions restoring capital stewardship, integrity, and trust in your projects.

Indicators of Need 

If you face any of the following prevalent situations, our resources can provide targeted solutions:

•  Executives do not receive adequate and trustworthy decision support information.
•  In an effort to “do the deal” significant warning signs are often overlooked, disregarded, or rationalized away.
•  There is no independent risk assessment or effective risk maintenance of project contingency reserves.
•  Poor scope definition and cost / effort estimation models tend to understate a project’s true cost and schedule to complete.
•  Capital stewardship is compromised through inadequate or insufficient contractual allocations of risk.
•  Underlying data does not have transparency or integrity.
•  Processes and internal controls are insufficient resulting in a lack of accountability.

Benefits

Engaging Commercial Cost Control provides the following benefits:

•  Improve avoidance of “value destroying” projects.
•  Enable you to pursue strategic growth opportunities with greater speed, skill, and confidence decreasing time-to-market.
•  Satisfy executive need for focused information supporting capital deployment, effective risk-taking, and on-going course corrections.
•  Reduce cost overruns and late schedule completions.
•  Improve your ability to manage project risk and better allocate specific risks with increased accountability.
•  Increase alignment of business processes, people, and technology to achieve information integrity and personal accountability.

Approach, Methodology, and Services

Commercial Cost Control offers the following array of services for Owners performing capital projects and construction initiatives.  Our approach is to team with our clients and use proven methodologies and supporting frameworks. 
Services offered include:

Contract Reviews and Risk Allocation Assessments

Perform analysis of contractual terms prior to and after contractual agreement to identify risk allocation strategies.  Perform exposure measurement providing assurance that risks are appropriately allocated to the party best able to effectively manage them.

Independent Project Risk Assessments

Perform independent assessment of project risks, exposures, and calculation of estimated costs at completion to support “go / no go” management decisions, board approval, and capital allocation activities.  Provide on-going decision support throughout the planning and construction phases.

Process and Internal Control Assessments & Reengineering

Provide independent assessments of capital project process design, internal control effectiveness, and other management issues to provide executives with the information needed to insure that their organization is operating effectively, minimizing capital-at-risk exposures, and not exposing themselves to unknown and potentially harmful business risks.  Implement focused process and technology solutions to achieve risk management objectives.

Construction Audits

Audit detailed construction costs to ensure that progress billings, retainage, insurance, and other exposures are managed in accordance with the contractual terms.  Evaluate and quantify the exposure to potential or actual fraud and support litigation and claims matters.

Change Management

Develop a Change Management Process that uses industry best practices and that fits within your project culture.  The goal is to have a method of receiving, evaluating and implementing change in the most effective way to suit your needs.  This includes evaluating the validity of changes, as well as the reasonability of the change costs through cost estimating and auditing techniques.  Review existing change documentation including change notice forms, change evaluation criteria, tracking logs and notices to proceed.

Qualifications

Commercial Cost Control, Inc. is a leading construction cost control and risk consulting firm.  Our professionals have proven engineering, procurement, and construction skills derived from operational construction experience, including international engineering companies.  We exclusively provide solutions to Owners to address all phases of construction management from feasibility through engineering, procurement, construction, and turnover.

 

Overview

Commercial Cost Control provides construction consulting services that help identify risk, control construction costs, and that help our clients meet their project and schedule goals.  The following chart shows an overview of the construction consulting services that we provide:

Category	Description	Client Type
		Owner	Developer	Internal Audit	Architect	Contractor	Subcontractor
Construction Management Consulting	Project Management Oversight	Y	Y	Y	Y
	Contract Review & Negotiations	Y	Y	Y	Y	Y
	Change Order Review & Analysis	Y	Y	Y	Y	Y	Y
	Program level review and audit	Y	Y	Y
	Owners Representative (In Western PA Only)	Y	Y
Construction Project Planning	Readiness Assessment of the Project	Y	Y	Y	Y	Y
	Risk Assessment of the Budget and Schedule	Y	Y	Y	Y	Y
	Development of RFPs or RFQs to the CMs	Y	Y		Y
	CM Bid Analysis and Tabulation	Y	Y	Y	Y
	Risk Assessment of an Estimate or GMP	Y	Y	Y	Y	Y
	Facilitating Schedule Refinement Meetings	Y	Y			Y
	Contingency Review	Y	Y	Y	Y	Y
Construction Risk Management	Assessment of Project Strategies	Y	Y	Y
	Assessment of Project Controls	Y	Y	Y		Y	Y
	Assessment of Project Process and Procedures	Y	Y	Y		Y	Y
	Project Forecasting and Trending	Y	Y	Y	Y	Y	Y
Construction Audit Services	Close-out Audits	Y	Y	Y		Y	Y
	Periodic Audits	Y	Y	Y		Y	Y
	Construction Draw Audits	Y	Y	Y	Y	Y
	Internal Audit Co-Sourcing	Y	Y	Y		Y
Construction Litigation Services	Expert Opinion	Y	Y	Y		Y	Y
	Expert Support	Y	Y	Y		Y	Y
	Expert Testimony	Y	Y	Y		Y	Y
Construction Claims Consulting	Analysis of Cost and Contractual Claims	Y	Y	Y		Y	Y
	Pre-Litigation Claim Analysis	Y	Y	Y		Y	Y
	Initial Decision Maker	Y	Y	Y	Y
	Neutral 3rd Party for review of cost and contractual claims	Y	Y	Y		Y	Y

Commercial Cost Control can provide these services to a wide range of construction projects including:

 Financial

 Commercial

o Office Space

o Retail

o Warehouse

 Residential

o Condominiums/Housing Complexes

 Large Scale Private Homes

 REITs

 Life Sciences

o Assisted Living

o Hospitals

o Laboratories

o Research

 Education

o Colleges/Universities

o K-12 Schools

 Industrial

o Heavy Industry (Steel, Chemical)

o Oil and Gas

o Food Processing

 Data Centers

Public Sector

o Government Buildings

o Police Stations

o Libraries

o Parking Structures

o Waste Treatment

o Road and Highway

 Hospitality

o Hotels

o Casinos

o Restaurants

Given the unique nature of most projects, Commercial Cost Control works closely with each of our clients to create a custom solution that fits their needs and budget.

Please contact us for more information on how we may help your project.