Services

Construction Project Cost Advisory

Keep your construction project aligned with your objectives and timeline, stay on budget and mitigate financial risks throughout your entire project life cycle.

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Our Approach

Driving Value

Navigating the intricacies of a construction project while also tracking and controlling costs can be overwhelming. Projects can quickly spiral out of control, resulting in cost overruns, costly change orders and even contractor non-compliance and fraud. We can help you rein in project complexities and financial risks by providing oversight and identifying potential overcharges (we typically see an average of 4-6% in overcharges) and opportunities for cost avoidance and recoveries.

Benefits

Positioning Your Project for Success

Getting project cost advisory assistance from the project outset will help you avoid costly roadblocks, stay on schedule and ultimately save money on the project. Construction project cost advisory professionals deliver three major benefits to your organization.

  • Improved Financial Security
    Our construction experts ensure the financial piece of the project is being well-managed and monitored, by verifying costs and reviewing the cost structure. This saves your organization time, money and effort.
  • Increased Savings
    Engaging an experienced construction advisor early in the project typically results in greater cost avoidance and more savings than a stand-alone, closeout audit. Our clients typically realize $5 in savings for every dollar spent on project cost advisory services.
  • Enhanced Compliance Monitoring
    Bringing an advisor in during the early stages of construction will also help you mitigate risk and ensure your rights under the contract are protected. We safeguard you against contract breaches and alleviate the burden of making sure the project adheres to complex contract nuances.
Establish Oversight, Strengthen Controls and Mitigate Risk
Set Guardrails
Strengthen Controls and Mitigate Risk
Create needed guardrails for your construction project by establishing oversight. An outside construction project cost advisor brings an objective set of eyes to look at contract terms, identify overcharges and examine financial control procedures to make sure they’re functioning properly. With the peace of mind of additional financial oversight and controls, the project team can focus on other aspects of the project.

Your Trusted Advocate

Project Cost Advisory Services for All Phases of Construction

We act as the owner’s advocate through the entirety of the project, from pre-construction all the way through project close-out. No matter where you’re at in your project lifecycle, we can step in to provide the support you need to help you cross the finish line. Our fees are tailored to match your specific project needs – so you’ll never have to worry about unnecessary spending on a one-size-fits-all approach.
Pre-Construction Services
  • Project Risk Assessment
  • Construction Contract Assessment
In-Progress and Periodic Services
  • Change Order, Contingency & Allowance Assessments
  • Pay Application Assessments
Post-Construction Services
  • Project Close-Out Assessment
  • Process Improvement Recommendations
Value-Added Services
  • Project Safety Assessment
  • Project Management & Cost Control
  • Project Cash-Flow Tracking & Analysis
  • Subcontractor-Specific Audit & Advisory
  • Project Cost-Segregation Studies
  • Tax Credit Analysis
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Testimonials

What Our Customers Are Saying

Our experienced construction experts, cost control professionals, project managers and engineers are focused on strengthening your financial controls and saving you money. Our team also includes Certified Construction Auditors (CCAs) and Construction Control Professionals (CCPs), providing you a higher level of specialized expertise to ensure that you are contractually protected and your project succeeds.
Industries
Depth of Expertise
Any organization undertaking a construction project is exposed to immense financial risk and potential control gaps that differ across industries. Have more confidence in the security of your financial controls by partnering with a team with extensive experience supporting construction projects in an array of industries.
Experts
Ron Steinkamp - Risk Assurance & Advisory| Armanino
Partner
Ron has over 30 years of experience in internal audit, construction audit, and fraud prevention and detection.

St. Louis, MO
Robert C. Hardy - Consulting| Armanino
Director
With expertise in construction management and corporate construction, Bob helps clients with construction audits.

St. Louis, MO
Laura Fox - Risk Assurance & Advisory | Armanino
Manager
Laura works at the firm’s St. Charles office serving Risk Assurance & Advisory Services clients.

St. Charles, MO
Resources
News, Tips & Insights
Top 5 Tips to Mitigate Risk of Price Escalation in Construction
Article
These best practices can help project owners avoid cost overruns and prepare for a successful construction project.

October 03, 2022
Managing Job Cost Risks in the Construction Industry
Webinar
Better project visibility can improve efficiency and reduce cost risks.

July 27, 2021 | 10:00 AM - 11:00 AM PT
5 Best Practices for Managing Your Construction Company’s Cash Flow
Article
Optimize treasury management to sustain and grow your business without running out of cash.

July 27, 2021
Drive Project Success

Ready to Take Financial Control of Your Construction Project?

To learn more about how we can help you navigate complexities and set your project up for success, reach out to our experts and we’ll get back to you promptly.