Operator of hydro, fossil, and nuclear plants
Key Value Proposition
Our objective was to build a robust Contract Administration program for our client– one that would improve costs, schedules, and performance.
To ensure that suppliers’ contract terms and conditions were being properly adhered to, we conducted a retrospective payment recovery audit.
Supplier Payment Review
Our accounts payable audit identified duplicate and erroneous payments.
A Real-time Review of project invoices ensured accuracy prior to payments being made. Our Contract Language Risk Assessment implemented industry-leading language while minimizing exposure to risk.
The results of our ongoing engagement with this client have proved the value that a focused Contract Administration program can deliver. Our client was able to bring the developed processes and staffing in-house after two years, fulfilling
the long-term plan we had contracted with them.
- $2.5 million were recovered through Contract Compliance
- $1.3 million were recovered through Supplier Payment Review