Contracts, both implied and express, are often the basis for business disputes. The financial claims made in contract disputes often require in-depth analysis of business activities and, the integrity of the information provided may be questioned.
Analysis, investigation and the ability to draw conclusions from large datasets is critical contract litigation. It is not just knowing about how to calculate damages, but it requires knowledge of what information should be available, how to extract and analyze that information, and produce supported calculations and conclusions.
Some of the financial forensics activities that our team has been involved in various areas of our practice include:
- Commercial loan portfolio review
- Manufacturing and overhead cost allocations
- Payroll allocations
- Sales by product and customer
- Cost of Goods Sold assignment to specific customers and products
- Normalization of owner compensation (and officer and related party compensation)
- Benefits of mitigation of operating expenses
- Separation of economic and event impacts on business performance
VFP’s principal has a broad base of business, financial, transaction and consulting experience that allows us to approach financial forensics in contract disputes in a comprehensive and strategic manner. Additionally the strong database and data management skills of our team allow us to efficiently manage and summarize the large quantity of information and discovery that is required to develop supportable opinions in contract disputes.
Our goal is to provide insightful analysis and expert reports to assist our clients in settlement efforts and, when needed, as an expert witness in court.
The VFP team is experienced in performing financial forensics analyses for disputes. To learn more about our forensic services, review: What are Financial Forensics?; and How is VFP Different? For more information on our litigation support services visit: What are Litigation Support Services?, Litigation Support for Contract Disputes, and How is VFP Different?