Ascentra Consulting LLC

Cost Recovery on Overruns

  • 200-unit high-density residential project
  • Focused on balancing cost efficiency and timely delivery
  • Involved multiple stakeholders including developers, contractors, and local authorities

A large multifamily development was in danger of exceeding its budget due to hidden costs, unfavorable contract terms, and design changes. Left unchecked, the overruns would have resulted in hundreds of thousands in additional expenses.

Challenges

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Escalating project costs from overlooked items and late-stage changes.

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Contract provisions that exposed the client to unnecessary risks.

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Pressure to maintain profitability without delaying delivery.

Ascentra’s Contribution

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Conducted a comprehensive cost review and forecasting analysis.

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Identified hidden expenses and negotiated more favorable terms.

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Implemented accountability measures to keep spending on track.

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Results

The developer recovered hundreds of thousands in potential losses and delivered the project within budget, on schedule, and without compromising quality.