Construction Quantum
Financial accounting expert evidence for construction disputes, TCC proceedings, and adjudication.
Construction Dispute Forensic Accounting
Sterling Forensic provides forensic accounting support in construction disputes: loss and expense analysis, overhead recovery, profit on contract, delay cost assessment, and financial accounting aspects of quantum claims. We work alongside delay and quantum surveyors where required, providing the financial accounting perspective on the numbers.
TCC and Adjudication
Our construction quantum expert evidence is designed for the Technology and Construction Court (TCC), adjudication, and international construction arbitration, applying CPR Part 35 standards to financial accounting aspects of the claim.
What We Cover
- Head office overhead recovery (Emden and Hudson formula analysis)
- Loss of profit on contract
- Prolongation cost analysis (financial accounting review)
- Disruption cost assessment
- Retention release disputes
- Construction company insolvency (solvency analysis in TCC context)
Frequently Asked Questions
What is the forensic accountant's role in a construction dispute?
In construction disputes, the forensic accountant addresses the financial accounting aspects of the claim: head office overhead recovery methodology, loss of profit calculations, the treatment of costs in the financial accounts, and whether costs claimed are supported by financial records. We work alongside quantity surveyors who address the contractual and physical aspects of the claim.
What is the Emden formula and why is it disputed?
The Emden formula calculates head office overhead recovery by dividing total company overhead by total company turnover and multiplying by the contract sum and delay period. It is frequently disputed because it uses actual company data rather than the contract rate, which can produce significantly different results. Forensic accountants assess which formula is appropriate and whether the underlying financial data supports it.
Related Practice Areas
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