Contractor payments, loan draws, and a cost-overrun forensic audit
Provided rapid staffing on a scaling construction business, running contractor payment operations, bank loan draws, and a downstream cost-overrun audit.
Remote Financial Services provided rapid accounting staffing for a scaling ground-up construction firm, running contractor and subcontractor payments and bank loan draws, then stood up a team of construction accountants for a forensic cost-overrun audit that produced a management dashboard. The director's summary was direct: "I strongly recommend them."
“When our ground up construction projects scaled quickly and required expert accounting skills to manage contractor and subcontractor invoices and payments, as well as construction loan draws from banks, we turned to Remote Financial Services to provide us quick staffing support. They integrated into our systems and executed flawlessly, invoices, payments, bank loan draws. Later, when we needed expert advisory to understand and pinpoint our construction cost overruns, Remote Financial Services staffed us with a team of Construction Accountants and that combed through our invoices and contracts, categorized, and created a dashboard. I strongly recommend them.”
This client is anonymized under NDA. Metrics come from the client testimonial or the live case-study listing, never from figures we invented.
The proof points behind the story
Only confirmed client or published case-study details are shown.
- Engagement phases
- 2 (rapid staffing + forensic audit)
Scaling support, then post-stabilization audit
- Workstreams covered
- AP, loan draws, audit, dashboard
Contractor/subcontractor payments through cost-overrun analysis
- Team composition
- Dedicated Construction Accountants
Industry-specific staffing for Phase 2
How the work unfolded
The problem
- Ground-up construction projects scaled faster than the in-house accounting could keep up with.
- Construction-specific work: contractor and subcontractor invoice management, payment processing, construction loan draws from banks.
- Later, once projects stabilized, visibility into construction cost overruns was missing.
The engagement
- Phase 1, Staffed quick-turnaround support that integrated into the client's existing systems, then executed invoices, payments, and bank loan draws end-to-end.
- Phase 2, Stood up a team of Construction Accountants for a forensic review of invoices and contracts.
- Phase 2, Categorized line items and produced a cost-overrun dashboard for the client's leadership team.
Outcomes
- Flawless execution on contractor and subcontractor payments and bank loan draws during the scaling phase, per the client.
- Forensic audit identified and categorized the source of construction cost overruns.
- Delivered a custom cost-overrun dashboard for ongoing management.
- Client recommendation: "I strongly recommend them."
Considering a similar engagement?
Scaling construction projects and losing track of contractor payments or cost overruns? We staff the accounting and build the controls. Book a discovery call and we will map our process to your situation in about 30 minutes.