Cost estimating expert witnesses are experienced with the process of assessing the future expenses of a service, product, or potential endeavor, which would be highly relevant to various court cases involving financial matters and economic decisions. Cost estimating expert consulting may provide valuable information regarding the financial aspects of civil engineering, mechanical engineering, software architecture and development, due diligence and investments, construction management, architecture, airline finance and airline economics, geological projects, electrical engineering, and numerous other fields.
Since cost estimating involves financial evaluation, cost estimating expert witnesses must be knowledgeable with how accounting and the related economic matters factor into each of their fields, making it imperative that the right expert witness be selected for the specific nature of each case, as cost estimating may be utilized for any type of industry.
Cost estimating is an especially important aspect of the construction industry because of the many costs involved with carrying out construction projects. Any unexpected issue occurring on a construction site, whether it involves construction damages, construction scheduling, construction delays, faulty safety equipment, or other such matters, would create problems with the finances as forecast by the initial cost estimating process. Cost estimating claims are also often related to various engineering fields, since the procedures involved with engineering often require a lot of financial planning.
ForensisGroup can help locate the right expert for your case. Submit An Expert Request Form or call our office to speak with our helpful staff and retain a highly qualified cost estimating expert witness today.
