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PROJECT CLOSEOUT
Closeout activities are another core strength of JR Company and another employment of our ability to allow a project team to succeed at the tasks that every project team hates, namely the tedious and detailed project closeouts. A large project will have hundreds if not thousands of purchase orders, each of which needs to be “scrubbed” to ensure that the vendor has supplied what he is obligated to and that the final lien waivers are collected, and moreover that backcharges are assessed against any retention due and owing to vendors. This is a companion task of backcharge management and the natural logical next step, as backcharge recovery requires knowledge of where the vendor stands on entitlement and payment status. JR Company can ensure backcharges are asserted and recovered at the maximum feasible recovery. With the cost collection efforts mentioned above, effective closeouts will avoid overpayment of vendors, suppliers and prefabricators.
In addition, the closeout phase is the time when “file scrub” claims are submitted by lower tier subcontractors, design-and-erect contractors and prefabricators. It is at this point that the backcharge files become most handy, and in addition, it leads to another core JR Company strength: claim defense and counterclaim assertion.
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JR Company
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