Cost Analytics for Construction Projects

Capabilities

• Change Order Management and Claims Avoidance

  Exponent advises clients on potential project challenges, provides guidance on how to manage change orders, and recommends measures for mitigating common construction issues that can lead to disputes and claims.

• Damage & Quantum Analysis

  Determining the level and nature of damage, as well as associated expenses incurred during a construction project, takes a deep understanding of the engineering and construction process as well as damage and quantum expertise. Exponent consultants are familiar with a broad spectrum of claim pricing methodologies and have analyzed every aspect of cost impact, including direct and indirect costs, delay costs, overhead applications, time value of money, and consequential damages.

• Integrity Monitoring

  Exponent offers integrity monitoring services to help project owners mitigate theft, fraud, and negligence — reviewing contractor credentials as well as ascertaining if certifications and insurance records are valid; assessing purchases, change orders, and accounting records; and conducting fraud investigations.

• Construction Fraud Investigations

  From misappropriation of funds and billing for unperformed work to equipment and materials theft, Exponent consultants conduct thorough fraud analyses to investigate claims resulting from construction fraud and deliver litigation support and expert witness testimonies as appropriate.

• Budgeting and Estimating

  Reasonable budgets and estimates are an essential element of an effective capital plan and a successful construction program or project. Exponent has more than 50 years of experience in helping clients develop budgets for projects of all sizes and provides independent assessments of client budgets, concurrently identifying project risks and uncertainties to ensure budgeted contingencies.

• Cost Model Development Using Predictive Analytics

  Seasoned project owners rely on cost modeling to uncover ways to save money and increase productivity throughout a project. Exponent consultants use predictive analytics to help determine the best ways to reduce construction spend, including saving on materials costs, reducing labor burdens, and evaluating project scope and scheduling to determine where cost-reduction adjustments can be made.

• Estimating Database Development

  Maintaining a robust database helps construction project owners avoid costly errors that may result from losing project research data, employee and third-party records, job estimates, vendor directories, building and site data, and more. Exponent's multidisciplinary teams have deep expertise in database development and can assist you with developing a more proactive approach to data collection, data sharing, and data management.