Lost Profits/Business Damages

Corporate Consulting and Beyond

GRS Analytics, LLC in Houston, Texas is a skilled business consulting practice with leadership experience in corporate disciplines and industries. Expertise ranges from accounting to fraud investigations, financial forensics, damage modeling, and beyond.

The firm specializes in complex commercial damage analyses, assisting businesses with the financial aftermath of tortuous interference, breach of contract and other unforeseen events. Testimony has been provided in state and federal courts throughout the United States and its territories on matter that comprise the following asserted business damages and disputes.

Lost profits — tortious interference
Intellectual property disputes (patent)
Lost profits — breach of contract trademark, and copyright infringement)
Loss of use
Shareholder disputes and derivative

Lost production v. lost sales analyses actions
Construction disputes - delay claims
Business value/valuations
Construction disputes - forensic accounting
Constriction disputes — Trust Fund
Marine and Maritime Disputes

Economic Damages/Personal Injury

Economic damages as the result of a personal injury/wrongful death/wrongful termination have several levels of complexities. GRS Analytics, LLC’s professionals have a long history of assisting the legal community with complex claims; specifically, aiding the parties understand the economic damages at hand and the impact of challenges to asserted damage amounts.

Before a settlement is contemplated, gaining an understanding of the elements of the economic damage at hand is crucial. Effective communication of the economic damages to our client is key. We regularly assist our clients with the following:

Offshore accidents/Jones Act claims
Lost wages (past and future)
Industrial accidents
Assessment of loss of earnings capacity
Premise accidents
Appraisal of lost support to survivors

Motor vehicle accidents
Evaluation of personal consumption
Business owners
Contractors
Lost business profits
Growth/present value of medical costs

Construction Defects, Delay Claims, and Forensic Accounting

GRS Analytics, LLC professionals have assisted on numerous construction matters utilizing construction accounting, project financing, forensic accounting and valuation expertise. With a strong background in accounting and construction, we work closely with our clients to identify the relevant financial and accounting information needed to evaluate the appropriateness and nature of submitted construction costs and to assist counsel with those matters in dispute.

This experience includes contracts with building contractors, engineers, architects and other service professionals related to the construction of all types of structures, as well as IT systems. GRS Analytics LLC professionals have assisted clients in investigating and identifying issues related to accounting abnormalities, financial improprieties and matters involving fraud in the construction industry.

We have assisted counsel in all phases of the construction dispute resolution process, including assessing claims and providing expert testimony. We also provide advisory services to owners, developers and lenders, as well as governmental agencies including school districts focused on evaluating and assessing construction programs, projects and costs, resolving issues and disputes originating from large complex construction programs and projects.

Fraud Investigations / Financial Forensics Experience

In today’s increasingly complex business environment, it is understood that a highly qualified team of financial professionals is a critical component in uncovering fraud. The firm possess significant experience in financial forensics matters including analyzing all types of financial transactions to identify instances of fraud, employee, officer and director misconduct, misuse of corporate funds, misappropriation of assets, financial misrepresentation and breach of fiduciary duty.

We regularly review the financial books and records (e.g., financial statements, general ledger, invoices, contracts, etc.) of entities to analyze the sources and uses of funds and to evaluate specific transactions and business relationships.

The firm's leadership has completed many engagements requiring detailed forensic analysis and transaction characterization ranging from several hundred thousand to over several hundred million dollars.

Historical engagements have included the following:

Fraud and malfeasance investigations
Director and office misconduct
Asset tracing
Discovery of discrepancies in financial statements
Breach of fiduciary duty
Financial misrepresentation
Employee theft
Bribes
Financial investigations

Misuse of corporate funds
Misappropriation of assets
Corporate governance
Accounting irregularities
Regulatory program compliance analysis
Embezzlement
Kickbacks
Expert reports and testimony

Insurance Disputes and Claims

The Firm fully understands the intricacies of insurance damage claims, claims accounting, and claims modeling. Count on GRS Analytics LLC to find successful means of communicating both amounts and issues of concern to insureds, law firms, and insurance professionals.

The services provided within our insurance disputes and claims practice include:

Business Interruption
Rents Loss
Extra Expenses
Builders Risk (Construction)
Arson – Financial Motive
Fidelity Bond Claim

Physical Damage Cost Review
Inventory Loss Evaluation/Analysis
Actual Cash Value Analyses
Report of Values
Property Appraisal
Subrogation

Governmental Entity Contracts and Project Evaluations

Seasoned professionals have worked on a number of matters involving governmental and quasi-governmental entities. Experience includes conducting fraud and financial forensic investigations including evaluating allegations of accounting irregularities, misuse of funds, misappropriation of assets, embezzlement, and director, officer and employee misconduct.

The firm's experience also includes examining and assessing internal controls and policies and procedures related to purchasing and financial budgeting and reporting, organizational structure and construction contracting and administration functions. This work has also included evaluating the policies and procedures utilized by governmental, quasi‑governmental and nongovernmental entities related to procurement including the contract bid, evaluation and award processes, as well as evaluating actual project costs including vendor costs relative to project budgets and schedules.

The Texas Education Agency (“TEA”) Resource Guide and AU (Audit Standard) 314.67 states that the control environment “sets the tone of an organization, influencing the control consciousness of its people. It is the foundation for all other components of internal control, providing discipline and structure.” This is true for almost all, if not all, entities.

The complexity of the environment surrounding government agencies requires knowledgeable and experienced experts to analyze policies, procedures and internal controls in order to help organizations achieve objectives regarding, the ability to depend on the reliability of financial reporting, safeguard of various assets, maintain compliance with policies, procedures, laws and regulations, and use resources efficiently and effectively.

Expert Witness Testimony

The Leadership at GRS Analytics LLC has provided testimony in state and federal courts throughout the United States and its territories on matters involving asserted damages and/or disputes:

Economic Damages
Loss Profits
Loss of Use
Lost Production v. Lost Sales Analyses
Forensic Accounting Investigations
Construction Disputes - Delay Claims
Construction Disputes – Forensic Accounting
Business Value/Valuations
Construction Disputes – Trust Fund

Make Informed Decisions

Our goal is to ensure that our clients are well-informed and equipped to make the best decisions for their businesses. Rely on GRS Analytics LLC to provide you with the sage advice and information crucial to the decision-making process.

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