Cost Recovery For Rensselaer County, NY
When it comes to disaster recovery, we don’t just mean natural disasters in the physical sense, like a hurricane or flooding, etc. The COVID-19 pandemic had truly catastrophic impacts on not just the health of our fellow citizens, but on the health of so many businesses across the country.
The pandemic put incredible pressure on all businesses. Retailers and restaurants had to close their doors during lockdowns, and needed to adapt to the large surge in online purchases and curbside pick-up options. Offices were forced to adapt to remote working. All of this in addition to the supply chain issues wreaked havoc on businesses and customers alike. Each of these hurdles affected businesses in some way, and the financial impacts of switching systems and adapting to COVID-19 were debilitating for many. Rensselaer County, NY made the choice to partner with us at Berquist for cost recovery assistance and never looked back!
We are proud of the work our team is doing for Rensselaer County, NY. Having the working knowledge of the programs and grants available allows Berquist Recovery to fully leverage all the funds available at the state and federal level. This assistance has enabled business and communities in the county to recover costs and get back on their feet after a devastating couple of years at the hands of the COVID-19 pandemic.
What Goes Into Cost Recovery?
There are many layers to cost recovery. While it is great to know and understand the process, having an experienced consultant on your side makes the entire process so much easier. Peace of mind, and the assurance that everything is being executed correctly, and in a timely manner is priceless for any business owner, or community leader. After all, when you’re in need of recovery services, you’ve got enough on your mind. Let one of our consultants handle this on your behalf. We’ll ensure your business or community comes out on the other side stronger.
Cost Recovery: The Steps We Take
Let’s take a look at the tasks we tackled for Rensselaer County, NY in their cost recovery journey:
Strategy development:
Developing a strategy is key. Our team knows the ins and outs of cost recovery and can foresee where there may be additional challenges. This foresight allows them to plan and avoid potential issues, ensuring a smooth recovery journey for you.
Plan development:
Once a strategy is in place, the finer details of the plan can be fleshed out and prepared for implementation.
Plan implementation:
With all the preparatory work complete, it’s time to get the ball rolling and execute the plan developed in the strategy and development stages.
Cost estimating:
Accurate estimates can make a big difference! You need an experienced team that knows what it takes to execute these plans. There is no substitute for past experience and the wealth of knowledge that comes with it regarding cost estimates.
Cost documentation:
Accurate documentation is imperative for the consultancy firm and the client. For the consultancy, this documentation enables even better cost estimates in the future. Accurate documentation leaves no room for unknowns for the client- if these are costs incurred, the client will know where every cent is going. Alternatively, if these are costs to be recovered or reimbursed via government funding, accurate documentation ensures that every penny is returned to the rightful individual.
Special considerations analysis:
In some cases, there are exceptions that need to be considered and accounted for. After all, we wouldn’t be doing a thorough job if we didn’t analyze every aspect of each case.
Progress reports:
Continued communication is essential for clients. Partnering with a consultancy team is meant to relieve some stressors; regular updates and progress reports are essential to easing the client’s mind. In addition, having these reports to look back on allows us to do a better job in the future, as they can highlight areas that can be improved or identify hurdles that may take longer or cost more then we had initially estimated in our plans.
Project worksheet / claims documentation:
A project worksheet is the form used to document the project. It includes the location, damage description and dimensions, scope of work, and cost estimate for each project.
Audit preparation:
This is the process of closing out the grant with the federal or state agency that we have been working with on your behalf.
Additional steps may include compliance training and appeal preparation. While these are not always going to be necessary, they may be necessary. If that’s the case, our team will be ready to help!
We also fulfill grant management tasks during the cost recovery process. This includes things like application development, quarterly reporting, time extensions, progress payments, and final payments.
Learn More About The Team
Our top-tier team consists of our President Jonathan Berquist and our two exceptional subject matter experts, Robert Berquist P.E., and Timothy Donnelly. Their combined experience and knowledge is second to none. We invite you to learn more about our team and experience—as well as how we can help you to develop a disaster recovery plan.