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
For trusted assistance in matters related to extra expenses/increased costs, hire MDD.
