Cost Reimbursement Claims

At JMKON we handle Cost Reimbursement claims, which involves several key responsibilities to ensure that clients recover appropriate expenses incurred during a project. The process begins with thoroughly reviewing the contract terms to understand the allowable costs and the requirements for reimbursement. Next, we gather and compile all necessary documentation, including invoices, receipts, and timesheets, to substantiate the claims.

Construction Claims Management with JMKON

JMKON prepares detailed claims submissions, ensuring they are accurate, complete, and compliant with the contractual and regulatory requirements. This often involves categorizing costs into direct and indirect expenses, verifying the accuracy of cost allocations, and ensuring that all claimed costs are reasonable, necessary, and directly related to the project.

In addition, we liaise with the client and relevant stakeholders to address any questions or concerns that arise during the review process. This might include providing additional documentation or clarifications and negotiating the approval of claims as well as monitoring the claims process to ensure timely submission and following up regularly to track the status of the claims.

Furthermore, JMKON identifies potential areas for cost savings and provides strategic advice on managing project expenses more effectively as well as developing and implementing best practices for documenting and tracking costs to streamline future reimbursement claims.

JMKON ensures that all eligible expenses are accurately documented, submitted, and reimbursed, while also providing strategic insights to optimize project cost management.