Contract Compliance

Cutting through volume and complexity

Trusted interpretation and analysis

BDO’s Contract Compliance services are designed to serve virtually any company engaged in construction projects, or with vendors, suppliers, franchisees, leases and licensees through contractual agreements.  

Our dedicated professionals are well-versed in the interpretation and analysis of contract provisions, with credentials based on broad industry knowledge and experience. We speak the language unique to certain sectors, including oil and gas, financial services, the motion picture industry, television, video, licensed merchandise, music, software, construction, corporate real estate, and franchising, among others. 

Capabilities

In today’s challenging and competitive economic environment, savvy management is seeking ways to control costs and streamline processes, particularly regarding large service and material providers.  

By working closely with our professionals, your organization may realize results similar to many of our clients, including: 
  • Reimbursement from overcharges resulting in large-dollar recoveries 
  • Improvement in return on investment 
  • Identification and mitigation of risks in contracts 
  • Improvement in internal controls and processes 
  • Standardization and enhancement of contracts 

Our vendor audits have resulted in millions of dollars in cost recoveries for our clients. We comb through the details to identify instances when clients have overpaid — typically recovering funds that are at least 2–3% of the contract’s total value — and hold contractual parties accountable when they fail to meet performance requirements. In cases where contracts present enormous volume and complexity, our professionals leverage deep experience and broad resources in data analytics. In many cases, our teams can automate the process in order to find the required information quickly and efficiently. 

Why BDO? 

Our objective is to assist our clients in controlling vendor spending. Our team of highly experienced Risk Advisory professionals have developed a methodology for vendor audits predicated on two fundamental principles:
  1. Using experienced business, industry, vendor audit professionals  
  2. Relying on a practiced and structured approach  
This standardized operations methodology and approach is tailored to meet the needs of each individual client based on the specific environment, industry and contracts. The process also involves establishing timelines and milestones while providing constant feedback to management relative to issues and progress until the audit is complete. 

BDO can help identify opportunities for savings through lease audit. Contact a representative today.

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