When a tanker truck overturned and spilled 3,000 gallons of sulfuric acid on a New Mexico street, an extensive remediation was required. Environmental cleanups have the potential to quickly change in scope and costs. Once the work gets started, it is often difficult to keep an eye on the work and control those costs, and additional fees and surcharges above and beyond industry standard rates can be catastrophic.
Representing the insurance carrier, H2M conducted a comprehensive review of the remedial actions performed and contractor invoicing. Our review revealed several items outside of industry standards, including excessive fuel surcharges, per diem expenses, overtime costs, and rental rates. The bottom line was $125,000 in invoice modifications that resulted in a cost reduction for the carrier.