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You Can Secure
Superior
Returns!
Capital spending is perhaps the last
unconquered territory of cost control. Vigilant executives
determined to maximize returns and willing to brave this uncharted
territory will secure SUPERIOR RETURNS by implementing proactive controls,
or by conducting cost recovery audits.
The Objective
For any exploration identifying the
objective is the initial step. Our objective is to prevent lost
capital or to recover it. How important is capital? For most
corporations it takes $8 to $20 in sales to generate $1 in capital,
therefore capital preservation is superior to generating sales.
A $500,000 cost savings or
recovery has a sales equivalent of $4 to $10 million! What's your
capital worth?
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A
Proven Guide
The success of the expedition depends upon
engaging the best guide available. Cost Recovery
Works, Inc. utilizes methods that have produced tens of millions
of financial reward for
owners and clients.
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 Uncharted
Territory
Major capital spending projects generally
range from $10 million to $2 billion, depending upon the importance
to the owner and other factors. Manufacturing plant expansion
projects and other sites are particularly fertile grounds for lost capital.
Skeptical about the
existence of buried treasure in your project?
Looking through this site will provide examples of real savings
others nearly overlooked.
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The Risks
Risks to capital are magnified and
accelerated during capital spending projects. Among the contributing
factors are technological change, unsuitable contracting
methodologies, strained oversight capabilities, and prioritization
failures. Learn more and evaluate project risks through
Project
Risk Assessment.
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The Tools
Successful exploration of lost treasure
has always depended upon an adventurer with the right tools locate
the bounty and to excavate it on site.
 With
capital spending projects the approach which best conserves capital,
preventing losses before they occur, is to proactively implement
comprehensive projects controls from inception to completion. A key
element of this strategy is Capital Projects Auditing, including reviews of
owner purchases, appropriations, and cost reporting.
Another element is
Project Tax
Planning for sales/use, property, income, and
other taxes.
Like the hurricanes that wrecked treasure
ships, unforeseen calamities strike major spending projects.
Necessities often override the importance of controls. Many
executives rely on
Construction Auditing for recovery of costs through reviews of
construction contracts, engineering,
materials,
labor, and subcontracts.
Others use
Tax Recovery Services to salvage some of their capital in the
areas of sales/use, property, income, and
other taxes.
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The
Adventurers
Who benefits from capital loss
prevention and recovery efforts?
Project Managers
Internal Auditors
Chief Financial Officers
Operations Executives
Architects and Engineers
Tax Managers
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The Journey
The Journey is filled with
obstacles, not the least of which are the chasms between
corporate departments with project responsibilities. Bridging
these ravines with a proactive capital projects auditing
function prevents avoidable losses of capital.
How much of your capital falls victim to internal "turf wars"
or reluctance of those with project authority to utilize
others in your organization to assist in controlling projects?
What are traditional, outdated project management concepts
costing? The obstacles can be overcome
where there is sufficient interest in minimizing loss of
capital.
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Losses To Avoid
Avoiding costly traps, circumnavigating
hostile forces, and preventing self-inflicted losses are critical to
returning surplus capital to the treasury. Learning from loss
experiences can produce benefits. The threats are both
internal and external in nature.
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 The
Legacy of CRW
If your organization is interested in the
SUPERIOR RETURN offered by Cost Recovery Works, Inc., please
contact CRW. Let's make your organization a part of a continuous success
story of generating substantial cost savings and cost recoveries. |
