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Contingent BI & Extra Expenses

Extra Expenses
Experts

Experts

Extra Expenses

When a business experiences an unforeseen event such as a fire, flood, building collapse or explosion, it may need to reconfigure some or all of its operations to avoid losing sales or to ensure it’s able to meet customer obligations. It may even lease or buy temporary equipment or buildings to continue operations during the repair or replacement of the damaged property. Mitigation activities like these can result in extra expenses or increased costs that go above and beyond what the company would ordinarily have spent.

SERVICES

SERVICES

MDD has decades of experience quantifying costs like these across nearly every industry, some of which include retail, wholesale, rental, hospitality, manufacturing and energy.

Our team of experts will conduct an objective, in-depth investigation that will look at factors such as changes in the business cycle, local economies and market conditions. Our specialists will also examine the business’ normal operations, the effectiveness of its mitigation strategy and the impact of the interruption on projected revenues and profits. This information will help verify whether or not, or to what extent, the claimed extra expenses/increased costs are reasonable and necessary, or economic.

MDD offers a wide range of quantification services that include:

  • Establishment of accounting and document management protocol
  • Monitoring and analyses of all actual expenses incurred during the recovery period
  • Comparison of normal operating expenses/costs incurred to the projected, actual and/or standard costs
  • Identification of loss-related factors that contributed to the extra expenses/increased costs
  • Identification of potential residual value
  • Verification that the extra expense served to mitigate the loss of business income
  • Expert and consulting witness testimony
Experience

Experience

Experience

Contact one of our experts below or filter experience based on region.

Evelin Alchammas

Detroit, MI, USA

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Harriet Bateman

New York, NY, USA

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Damien Beven

Sydney, APAC

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Kent Bogdan

Dallas, TX, USA

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Dusty Bredeson

Charlotte, NC, USA

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Rachel Cai

Hong Kong, APAC

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Ariel Camara

São Paulo, LATAM

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Stephanie Ceus

Houston, TX, USA

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Sarah Chick

Singapore, APAC

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James Deddens

Chicago, IL, USA

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Katie (Soer) Edwards

Philadelphia - Cherry Hill, NJ, USA

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Jessica Feola

Miami - Ft Lauderdale (Latin America Operations), LATAM

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John Foley

New York, NY, USA

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Adam Frank

Orlando, FL, USA

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Matt Fujii

Vancouver, BC, Canada

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Dayne Grey

Atlanta, GA, USA

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Amanda Guire

Philadelphia - Cherry Hill, NJ, USA

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James Harrington

Detroit, MI, USA

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Jonathan Hiland

Parsippany, NJ, USA

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Juan Manuel Holgado

Miami - Ft Lauderdale (Latin America Operations), LATAM

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Andreea Ilie

Singapore, APAC

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Todd Jameson

Orlando, FL, USA

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Trent Kral

Minneapolis, MN, USA

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George Kramer

Miami - Ft Lauderdale (Latin America Operations), LATAM

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Reinhard Krestel

Chicago, IL, USA

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Norman Kwan

Hong Kong, APAC

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Wina Marita

Singapore, APAC

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Ryan McCann

Melville, NY, USA

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Hannah McCannell

Toronto, ON, Canada

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Thomas McCarthy

Sydney, APAC

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Jaime Muñoz Arroyo

Madrid, EMEA

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Guido Nolte

Düsseldorf, EMEA

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Meg O'Brien

Melville, NY, USA

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John Otting

Atlanta, GA, USA

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Martin Pavelic

Hamilton, ON, Canada

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Joseph Piscitelli

Parsippany, NJ, USA

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Jared Poole

Calgary, AB, Canada

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Nattakarn Prasitsumrit

Singapore, APAC

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Roman Prytula

Calgary, AB, Canada

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Rajen Rajput

London, EMEA

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Brad Ryden

Philadelphia - Cherry Hill, NJ, USA

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Amanda Schubert

Miami - Ft Lauderdale, FL, USA

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Edward Secchi

Dubai, EMEA

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Manami Shimada

Tokyo, APAC

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Melissa Smith

Atlanta, GA, USA

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Yoshiyuki Sotoyama

Tokyo, APAC

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Michele Squeo

Parsippany, NJ, USA

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Ken Standish

Chicago, IL, USA

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Suzanne Tarchala

Detroit, MI, USA

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John Timbol

Vancouver, BC, Canada

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George Uhl

Dallas, TX, USA

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HJ Ustler

Hamilton, ON, Canada

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Tony Volpe

Vancouver, BC, Canada

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Gary Wells, Jr

Pittsburgh, PA, USA

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Brad Wilcott

Halifax, NS, Canada

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Katharina Wilson

London, EMEA

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Sabu Yohannan

Dallas, TX, USA

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