F3AZ - Fenix Financial Forensics LLC

F3’s professionals have quantified and evaluated claims, and provided expert testimony in construction disputes involving breaches of contract, terminations, delays, disruptions, accelerations, scope changes, differing site conditions and associated cost overruns.

F3 also provides project management advisory services that include project operational and risk assessment reviews, establishing cost control systems, and developing policy and procedure manuals for financial control of construction projects.

Our service offerings and experiences extend to the financial elements of construction projects including:

project accounting and cost auditing,
billing compliance and payment application design, review and approval,
project related operational and risk assessments,
cost projection and estimating,
financial and fraud investigations,
change order evaluation,
quantification and rebuttal of construction project-related damages, and
expert testimony associated with our construction service offerings.

F3 provides construction industry forensic accounting, financial consulting, and expert witness services to:

Legal Counsel
Owners
Construction Managers
General Contractors
Subcontractors
Insurance companies
Architects
Engineers
Suppliers
Lenders

We have been engaged to provide our expertise in a wide-array of construction projects including:

Airport structures and facilities
Commercial Office Buildings
Convention Centers
Educational facilities
Flood Channel and roadway projects
Golf course Development
Highway, Bridge & Tunnel Projects
Hospitals and other healthcare facilities
Municipal facilities
Parks and Recreational Facilities
Parking Structures
Fiber-Optic-Networks
Petrochemical Plants
Production Facilities
Residential housing developments
Retail Developments
Water and Sewage Treatment Facilities
Water Diversion and Reclamation Projects
Underground Rail and Tunneling Projects

Representative Engagements:

Contract Compliance Services:

On behalf of construction project owners we have verified the construction costs invoiced to the owner are supported by accounting source documentation, and are being billed by the contractors in accordance with the specific terms of the contract.
On behalf of construction project owners we are engaged to be a participant in the monthly review and approval process for the contractor’s payment applications.

Dispute Resolution Services:

On behalf of the engineering and construction program manager responsible for a major production facility we prepared the rebuttal and analysis of the claims submitted by the project owner for cost overruns, disruption costs, and failure to meet specifications.
On behalf of a project owners we have analyzed and rebutted the contractor’s claims to demonstrate that the methodologies used to develop the damage claims were speculative and unsupported.
On behalf of a general contractor sued by its subcontractors, we reviewed and rebutted the subcontractor claims, and prepared alternative claim calculations to reach a negotiated settlement between the parties.
On behalf of a project owner we evaluated and rebutted the general contractor’s claims for cost overruns caused by differing site conditions encountered during project construction.
On behalf of a general contractor terminated by the project's owner midway through the construction project we quantified the contractor's direct and consequential damages, including a loss of business value due to reputational impairment.
On behalf of a project owner we quantified the magnitude of overbillings/errors/irregularities in the contractor’s invoices.
On behalf of a subcontractor of a parking structure project we computed the direct and consequential damage suffered as a result of project interference, differing site conditions, scope changes, and delays and disruption.
On behalf of the insurance company we quantified the costs to be incurred to rectify a material error and omission by a project’s lead engineer.
On behalf of a general contractor we quantified the diminution in business value of a contracting company resulting from an owner’s breach of contract.

Advisory Services:

Develop the program management policy & procedures manual for an owner’s internal engineering & construction department to structure and support the department through the processes of budget development, procurement, fiscal management, and management reporting.
Assist a transportation authority enhance their rail construction program and processes by performing an operational and risk assessment review of the authority’s cost, schedule, quality and safety programs in effect for their construction projects.
Assisted a health care provider manage their major construction project by preparing a detailed financial, operational and risk assessment review of the construction project, including assessing the design and construction department and the performance of the hospital's hired service providers (design firm, construction management firm and general contractors).
Reviewed the management systems in use by an international construction contractor on a major civil project and prepared recommendations for improving the management systems in place to enhance the contractor’s project performance.