Haskins Capital reviews contracts, change orders, pay applications, and vendor pricing for industrial and commercial capital programs. Fixed-fee engagement plus performance fees on documented savings. You keep 85 cents of every dollar we find.
A quick look at why independent review matters — and where the money actually goes.
I spent 20+ years on the owner's side of capital projects — building budgets, managing contractors, and signing off on change orders at Nidec, Bunge North America, and Virginia Transformer. I know exactly where contractors build in margin, where change orders get padded, and where pay applications get ahead of actual work in place.
I've approved the budgets, run the procurement, and managed the contractors — not just audited them from the outside. That's the difference between theory and pattern recognition.
BSEE + MBA. Every contract, change order, and pay application is checked against a documented standard — not a gut feeling about what "seems high."
A fixed engagement fee covers the work. Performance fees only apply to savings we actually document and you actually realize. No findings, no performance fee.
Each discipline can be engaged independently or together, depending on where your program is exposed.
Every contract checked against a 30-point checklist before you sign — commercial terms, scope definition, change management provisions, risk allocation, and dispute resolution. You receive a redlined document plus a Risk Memo ranking issues by dollar consequence.
4–10 hours of review per contract · delivered within 5 business days
Every change order reviewed before you approve it. We verify the work is genuinely outside scope, pricing ties to the original schedule of values, and there's no duplication of work already contracted.
Industry studies show 15–25% of submitted CO dollars are unjustified or inflated
Every pay application reviewed before the check is cut. We verify percentage-complete claims match actual work in place and stored materials are documented on-site. Once the check clears, your leverage is gone — we act before it leaves your account.
24–48 hour turnaround on submitted pay apps
Contract unit prices compared against verified market rates using RSMeans, Gordian Group, and prevailing wage data. Where you're paying 15% or more above market, we document the gap with hard numbers to support renegotiation.
Backed by RSMeans, Gordian Group, and wage survey data
Everything is scoped, priced, and agreed in writing before any work begins. No hourly surprises, no scope creep.
We talk through your annual CapEx spend, active projects, and where you're feeling exposed — schedule, budget, contractor performance, or procurement. No obligation, no sales pitch.
A scope of work covering exactly what you'll receive, the timeline, the fixed fee, and payment terms. Nothing is ever quoted verbally.
Signed engagement letter, kickoff call within 5 business days, and a document request covering budgets, contracts, pay applications, and procurement records.
Budget variance analysis, full contract read against the 30-point checklist, change order audit, and vendor benchmarking against market rate data.
A written report with prioritized findings, ranked by dollar exposure, plus a 90-minute walkthrough call. You decide what to act on — we hand you the leverage.
Fixed fee covers all discovery, review, analysis, and report delivery. Performance fees apply only where we document real, realized savings.
Twenty-plus years of capital project leadership on the owner's side, including Director of Capital Expenditures at Virginia Transformer Corporation and procurement lead on a $1 billion greenfield project for Bunge North America. Haskins Capital exists because that experience belongs to clients who need an independent set of eyes on their capital program — not just another contractor pitching more work.
20–30 minutes, no obligation. We'll talk through your capital program and whether an engagement makes sense — nothing more.