Default and Cost to Complete Analysis

Broadlands has counseled clients on thousands of construction site claims. In the event of contractor default or claim, Broadlands efficiently and expeditiously evaluates the merit of all claims against our client’s contractor. Broadlands gathers all necessary documents and carefully analyzes a claim and all possible defenses before rendering an opinion as to the claim’s validity. Broadlands provides the following services to mitigate our clients’ potential losses in the case of default or termination:
  • Claim, Default, and Termination Evaluation
  • Contractor Performance Evaluations
  • Cost to Complete Estimates
  • Project Chronology
  • Project Cash Flow Summary
  • Identify Exact Scope of Work
  • Liquidated or Delay Damages Evaluation
  • Project Completion

In the event of default, Broadlands has the ability and expertise to quickly analyze the job status and complete the project or mobilize forces to complete the project. Broadlands can quickly re-bid the project to obtain a viable replacement contractor, or mobilize project managers or superintendents to bring the project to completion.

Broadlands always works to ensure that the project is completed with maximum efficiency and minimal cost to the lender, surety, or owner. Success is measured by completion of the remaining tasks with maximum efficiency, and minimal costs.