Watermark’s forensic accountants manage complex accounting assignments on challenging construction contracts with a diverse set of clients that include insurance carrier, third party administrators, sureties, and contractors. Specifically, regarding sureties, Watermark understands distressed projects and the urgent needs to draw the project to a close with minimal exposure.
DCAA Compliance
Defense Contract Audit Agency (DCAA) compliance
-
- DCAA audit prep
- Addressing deficiencies from DCAA audit
- Establishment of Home Office Overhead (HOOH)
- Establishment of Field Office Overhead (FOOH)
- Establishing Daily Rate
- Small business accounting
- Payroll
- Staff training
- Client Invoicing
- Pay Applications
- Subcontractor Invoicing to Client
- Davis-Bacon Act
- Miller Act
- Certified Payroll
- Development of Schedule of Values (SOV) and administration of SOV
Cost Accounting
Watermark offers expertise with both sureties and owners to ensure a successful outcome of the contracted project. We are accustomed to both friendly dispute resolution and hostile environments. Working with Watermark, you can be assured that we will provide you with reliable and accurate information on the status and potential issues of a project. We will alert your firm of the potential risks involved with re-procurement, at or near the time of default.
-
-
- Payment bond claim accounting
- Claim Payment Administration
- Asset evaluation
- Salvage Valuation
- Payroll monitoring
- Prevailing wage / labor claims
- Claim and lien release negotiations
- Funds control
- Proper distribution of funds from Project Owner to subcontractors, vendors, suppliers, labor unions, etc.
- Performance Bond Claim Consulting
- Payment bond claims from subcontractors, labor claimants, tax organizations
- Administration in concurrence with state and federal law
- Post General Contractor termination ratification of sub-contractors
- Completion contracting of distressed projects
- Staff Augmentation of distressed projects
- Project analysis
- Exposure analysis
- Preliminary evaluation
- Risk assessment
- Cost-to-complete estimates
- Take-over agreements
- Contract re-procurement
- Termination/default disputes
-
Legal Support
Watermark’s intent is to resolve disputes at the lowest contractual levels possible by establishing a clear, commercially driven strategy will ensure the resolve for our clients in the most advantageous manner possible. However, where litigation/arbitration is unavoidable, our legal experts work as an integrated part of our client’s legal support team, striving for the best outcome possible.
Successful resolution of a dispute is as important to the project itself, as well as to the contractor and owner. Resolution to a dispute requires both tactical and strategic thinking, as things can go wrong on any project. Disputes can, if left unresolved can have disastrous consequences, the longer a dispute lasts, the greater negative impact it can have on business operations—this impact can be measured in terms of cost burdens, lost time and a lasting imprint on your company’s reputation. Watermark can ensure urgent response to any dispute situation
Our support covers the entire spectrum of dispute and litigation life cycle, from research and analysis to arbitration, mediation or trial.
- Fact gathering and document preparation
- Data management
- Electronic discovery (including computer forensics)
- Schedule delay
- Loss-of-productivity
- Email reconstruction
- Freedom of Information Act (FOIA) Request
- Expert testimony
- Contracting Officer Final Decision (COFD) support
- Federal mediation support
- Federal litigation support
- Vendor/supplier disputes
- Sum certain pricing
Employment
-
- Consultation regarding new hire interview questions, legal prohibitions and requirements.
- Editing or creation of employment manuals, policies, procedures for compliance with local/federal employment obligations.
- Availability for immediate consultation with employers in emergent employment scenarios
- Consultation and on-site investigation and recommendations in response to employee reports of discrimination, harassment and retaliation
- Consultation and availability for employment separations, releases, severance packages.
- Consultation and representation for unemployment claim hearings and appeals.
- Consultation and representation for employment related audit or investigation of employer by state or federal regulatory entities, (EEOC, State employment agencies, Labor and Industries Audit, ect.)
- Representation and consultation regarding employment related litigation and respond to threats of litigation (including trail and appellate work)
- Human resources
- Equal Employment Opportunity Commission (EEOC)
- Sexual harassment
- ADA/ Age discrimination
- Employment Manuals
- Written Reports
- Investigation
- Whistleblower
- Post and during contract litigation
- Onboarding of employment
- Termination of employment
Contractual support
-
- Modifications
- Time Impact Analysis (TIA)
- Request for Equitable Adjustment (REA)
- Serial Letters
Watermark’s forensic accountants manage complex accounting assignments on challenging construction contracts with a diverse set of clients that include insurance carrier, third party administrators, sureties, and contractors. Specifically, regarding sureties, Watermark understands distressed projects and the urgent needs to draw the project to a close with minimal exposure.
DCAA Compliance
Defense Contract Audit Agency (DCAA) compliance
- DCAA audit prep
- Addressing deficiencies from DCAA audit
- Establishment of Home Office Overhead (HOOH)
- Establishment of Field Office Overhead (FOOH)
- Establishing Daily Rate
- Small business accounting
- Payroll
- Staff training
- Client Invoicing
- Pay Applications
- Subcontractor Invoicing to Client
- Davis-Bacon Act
- Miller Act
- Certified Payroll
- Development of Schedule of Values (SOV) and administration of SOV
Cost Accounting
Watermark offers expertise with both sureties and owners to ensure a successful outcome of the contracted project. We are accustomed to both friendly dispute resolution and hostile environments. Working with Watermark, you can be assured that we will provide you with reliable and accurate information on the status and potential issues of a project. We will alert your firm of the potential risks involved with re-procurement, at or near the time of default.
- Payment bond claim accounting
- Claim Payment Administration
- Asset evaluation
- Salvage Valuation
- Payroll monitoring
- Prevailing wage / labor claims
- Claim and lien release negotiations
- Funds control
- Proper distribution of funds from Project Owner to subcontractors, vendors, suppliers, labor unions, etc.
- Performance Bond Claim Consulting
- Payment bond claims from subcontractors, labor claimants, tax organizations
- Administration in concurrence with state and federal law
- Post General Contractor termination ratification of sub-contractors
- Completion contracting of distressed projects
- Staff Augmentation of distressed projects
- Project analysis
- Exposure analysis
- Preliminary evaluation
- Risk assessment
- Cost-to-complete estimates
- Take-over agreements
- Contract re-procurement
- Termination/default disputes
Legal Support
Watermark’s intent is to resolve disputes at the lowest contractual levels possible by establishing a clear, commercially driven strategy will ensure the resolve for our clients in the most advantageous manner possible. However, where litigation/arbitration is unavoidable, our legal experts work as an integrated part of our client’s legal support team, striving for the best outcome possible.
Successful resolution of a dispute is as important to the project itself, as well as to the contractor and owner. Resolution to a dispute requires both tactical and strategic thinking, as things can go wrong on any project. Disputes can, if left unresolved can have disastrous consequences, the longer a dispute lasts, the greater negative impact it can have on business operations—this impact can be measured in terms of cost burdens, lost time and a lasting imprint on your company’s reputation. Watermark can ensure urgent response to any dispute situation
Our support covers the entire spectrum of dispute and litigation life cycle, from research and analysis to arbitration, mediation or trial.
- Fact gathering and document preparation
- Data management
- Electronic discovery (including computer forensics)
- Schedule delay
- Loss-of-productivity
- Email reconstruction
- Freedom of Information Act (FOIA) Request
- Expert testimony
- Contracting Officer Final Decision (COFD) support
- Federal mediation support
- Federal litigation support
- Vendor/supplier disputes
- Sum certain pricing
Employment
- Consultation regarding new hire interview questions, legal prohibitions and requirements.
- Editing or creation of employment manuals, policies, procedures for compliance with local/federal employment obligations.
- Availability for immediate consultation with employers in emergent employment scenarios
- Consultation and on-site investigation and recommendations in response to employee reports of discrimination, harassment and retaliation
- Consultation and availability for employment separations, releases, severance packages.
- Consultation and representation for unemployment claim hearings and appeals.
- Consultation and representation for employment related audit or investigation of employer by state or federal regulatory entities, (EEOC, State employment agencies, Labor and Industries Audit, ect.)
- Representation and consultation regarding employment related litigation and respond to threats of litigation (including trail and appellate work)
- Human resources
- Equal Employment Opportunity Commission (EEOC)
- Sexual harassment
- ADA/ Age discrimination
- Employment Manuals
- Written Reports
- Investigation
- Whistleblower
- Post and during contract litigation
- Onboarding of employment
- Termination of employment
Contractual support
- Modifications
- Time Impact Analysis (TIA)
- Request for Equitable Adjustment (REA)
- Serial Letters