Energy & Ultilities
Herrod and Associates has the specialized expertise your management team needs to evaluate and improve major contract expenditures. Utility businesses now face rising fuel costs, intense regulatory pressure to minimize operating expenses, and a push for higher all-around efficiencies. These issues place extra pressure on utility companies to protect the interests of their customers and investors through their major contractual agreements.
The current power generation marketplace demands peak efficiency from every phase of a power generation project. To compete in this environment, facility management must effectively manage major construction projects and provide the oversight required to make certain that all parties are complying with their contractual obligations. At Herrod and Associates, our industry experience means that we thoroughly review your major maintenance, turnaround, and new facility construction contracts to ensure that they are protecting your investors’ interests and preserving your profits.
Additionally, we will identify the reasons losses occur and help you prevent them from reoccurring. While exact profit recoveries differ for each project, Herrod and Associates’ utility contract review engagements have been self-funding, meaning we recover significantly more money for the client than the cost of the review.