Invoice & Cost Review

Invoice & Cost Review focuses on verifying that vendor, contractor, and subcontractor billings accurately reflect the terms, rates, quantities, and conditions established in the contract. The review is designed to identify billing discrepancies, overcharges, overpayments, and unsupported costs before they become significant financial issues for the project or organization.

Particular attention is given to Cost Plus and Time & Material contracts, where costs associated with labor, labor burden, equipment, materials, and subcontracts can create significant exposure if not properly reviewed. Invoices, supporting documentation, field tickets, Labor Equipment Material (LEM) reports, receipts, and other billing records are compared against contractual requirements and actual project activity.

Our review process can also include comparing billed materials and equipment with receipts, inventories, installed quantities, and project records. Where discrepancies are identified, findings are documented and supported with appropriate evidence to provide management with a clear understanding of the issue and its potential financial impact.

The objective is simple: ensure that project costs being billed are accurate, properly supported, and consistent with the applicable contract terms.