Recovering Construction CostsShare
An institutional real estate investor asked AGH to conduct a post construction examination for a $75 million real estate project in which they were an equity partner. The study focused on recovering excess construction costs from the client’s former partner in charge of property development. We helped the client narrow their list of items needing to be reviewed and met with the property developer to begin testing. Ultimately, we identified accounting errors associated with how the developer allocated costs between multiple projects, which enabled our client to recover substantial dollars that would have otherwise been lost.