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Adkins consultants tackle each challenge with a solution-driven approach carefully coordinated with both client and counsel and drawing upon their years of experience in Engineering, Construction, Contracting, Accounting, Finance, and Business. Our experts can provide a wide range of claims avoidance and dispute resolution services to:
CONTRACT DISPUTES - LITIGATION SUPPORT - EXPERT TESTIMONY
• Engineering & Construction • Accounting & Finance • Construction Claims - Preparation & Analysis • Damage Calculations • Dispute Avoidance / Resolution • Contract Cost Overruns / Recoveries • Design / Workmanship Disputes • Schedule / Delay / Impact Analyses
Adkins & Company's consulting experts know that a fair, reasonable, and prompt settlement of contract disputes is in the best overall interest of our clients and their projects. Our consultants follow a proven but flexible methodology, coordinated closely with both client and counsel, which focuses resources toward the most significant and relevant issues in dispute. Neither "hired guns" nor in the practice of always blaming the other party, Adkins professionals use careful research and precise analytic techniques to define and develop appropriate claims and counterclaims. With an organization composed of engineers, construction professionals, accountants, management consultants, and systems analysts, Adkins & Company is also capable of providing litigation support and/or expert testimony on almost any aspect of a construction contract dispute.
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representative engagements
involving the resolution of contract disputes
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SURETY CONSULTING SERVICES - CLAIMS & UNDERWRITING
• Exposure Analysis • Construction Accounting • Cost-to-Complete Estimates • Payment Claims Verification • Contract Reletting • Trust Account Management • Project Management • Financial Evaluations • Termination/Default Disputes • Contractor Assessment/Audits • Surety Defenses/Recoveries • Program/Contractor Oversight
Adkins' surety consulting capabilities include the ability to deliver a full range of services - from resolving a specific project default to evaluating a financially distressed company. Serving many different bonding companies on numerous engagements, Adkins & Company consultants have performed engineering and accounting assessments in both underwriting and claims situations.
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representative engagements
involving Surety defaults and workouts
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TROUBLE SHOOTING - TURNAROUNDS - CRISIS MANAGEMENT
• Distressed Contracting Firms • Bank Problem Loans & Workouts • Design, Construction, Fabrication • Bankruptcy & Liquidation Services • Operations & Work-in-Progress • Asset Evaluation & Recovery • Cash Flow Analysis/Control • Problem Projects or Contracts • Business Assessments/Strategies • Valuation of Claims & Disputes • Mergers & Acquisitions • Defaults & Terminations
Crisis times are by no means the only times to call in a team of experienced industry consultants. They are, however, the most common times. And when a project or a company is in trouble, it needs the depth of knowledge and breadth of experience that Adkins' consultants can provide. Adkins' interventions aim at the most efficient solution to project or firm difficulties, always working to protect and promote client business objectives, even within the constraints of a challenging situation.
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CONSTRUCTION PROJECT MANAGEMENT SERVICES
• Project Oversight • Financial Planning & Forecasting • Scheduling Controls & Reporting • Budgeting & Cost Controls • Estimating & Bid Analysis • Contract Administration • Change Order Analysis • Program Audits & Evaluations • Claims Avoidance Programs • Client Staff Training
Adkins & Company's consultants are construction professionals with extensive claims experience, experts uniquely capable of steering a project to completion because they know exactly what to avoid. Experienced with bonding, insurance, financing, business, management, and project controls, the Adkins team offers clients a broad-based skill set, and backs up this expertise with a firm commitment to our clients' specific business needs and project objectives.
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INSURANCE CLAIM INVESTIGATIONS AND FORENSIC CONSULTING
• Design Professional Liability Defense • Forensic Accounting • Property/Casualty Claims • Fidelity/Fraud Investigations • Business Interruption Analyses • Project/Prudency Audits • Defective Construction/Design • Due Diligence Evaluations • Risk Analysis/Management • Government Audit Consultation • Warranty Claims • Contract Termination Evaluations
Engagement of Adkins & Company in support of a forensic investigation or contract claims dispute is most advantageous when the client prefers experts who have both engineering and construction know-how and are also sensitive to liability, coverage, and legal issues. Neither specialized designers nor general insurance adjusters, we are construction professionals with consulting experience in engineering, project management, estimating, accounting, contracting, litigation, and insurance.
Our expertise in finance and cost accounting coupled with our contracting industry experience enables us to provide focused analyses of accounting-related issues. Adkins professionals have provided valuable assistance to owners, sureties, counsel, and others in diverse troubled situations where bottom-line monetary considerations are crucial.
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Cost Segregation involves analyzing and segregating project construction expenditures to facilitate the use of segmented, accelerated depreciation schedules to maximize the recovery period benefits. Adkins & Company professionals have industry experience in engineering and construction management, estimating, job costing, and accounting. Our specialty is to analyze the building systems (especially electrical/mechanical) and site work portion of the project. Depending on the activity and funciton of the project (e.g., manufacturing, retail or office), we can substantially reduce the longer-lived assets (39-year property) and increase the shorter-lived assets (5, 7 & 15-year property).
Any company with a newly acquired facility exceeding $5 million in total cost can benefit from these services if it is anticipating paying federal income taxes (i.e., it is a "for profit" company without large net operating losses). The cost segregation analysis can be performed any time within three years of purchase or certificate of occupancy.
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