Government Sector Advisory Services
Yip Associates provides construction integrity monitoring services, disaster relief funding compliance services, program compliance and risk mitigation services, construction accounting and litigation support services, and other forensic accounting and consulting services to federal, state and local government agencies, as well as contractors working in the public sector.
Our clients have included:
- Empire State Development Corporation (ESD)
- Port Authority of New York and New Jersey (PANYNJ)
- Governor’s Office of Storm Recovery (GOSR)
- Metropolitan Transportation Authority (MTA)
- Dormitory Authority of the State of New York (DASNY)
- New York City School Construction Authority (SCA)
- New York City Department of Investigation (DOI)
- New York City Housing Authority (NYCHA)
- New Jersey Transit (NJT)
Representative Projects:
Our team has successfully provided government sector advisory services on some of the Northeast region’s largest and most complex mega-construction projects including the following:
- World Trade Center Cleanup and Recovery project, Transportation Hub and National September 11 Memorial & Museum
- MTA East Side Access and Long Island Rail Road projects
- Newark Airport Terminal A Redevelopment project
- LaGuardia Airport Central Terminal Building Redevelopment project
- JFK International Airport Terminal 8 Redevelopment project
- Holland Tunnel and Lincoln Tunnel Repair and Mitigation projects
- Several Super Storm Sandy recovery projects and programs
Services Provided:
Construction Integrity Monitoring Services
Public authorities spend billions of dollars each year on capital construction projects. Companies working on public works projects must comply with a seemingly endless list of federal, state and local laws and regulations. They include compliance in areas such as Procurement practices, Labor Laws, M/W/DBE compliance, Section 3 and Equal Employment Opportunity requirements, Section 8 and Community Benefit Program requirements, and Environmental and Safety regulations. Our team provides independent integrity oversight monitoring services on many of the largest and most recognizable public works construction projects in the New York/New Jersey Metropolitan area. Our construction monitoring programs are designed in such a way as to detect or prevent corruption, fraud, waste, and abuse from occurring on a project, as well as to identify and recover overcharges. Yip Associates teams with legal professionals, engineering firms, environmental and safety specialists, and investigators to ensure that all key aspects of a project are being monitored.
Integrity Monitoring services currently provided include, but is not limited to:
- Real-time monitoring of large-scale capital construction projects and programs
- Prevention and detection of corruption, fraud, waste and abuse
- Development of corruption prevention programs
- Internal controls/policies and procedures assessments
- Bidding and procurement reviews
- Subcontractor vetting and due diligence
- Forensic audits of project and program costs
- M/W/DBE program compliance
- Prevailing wage and Davis Bacon compliance
- Voluntary or imposed integrity monitorships of private companies
- Assistance with OIG investigations
- Litigation support and expert witness testimony
Disaster Relief Funding Compliance Services
Disaster relief funding is based on strict compliance rules and administrative requirements. Specific eligibility rules determine the types of damages that can be reimbursed. Both the funding agencies and the sub-recipients must take extensive steps to document eligibility and claimed costs, or run the risk that costs will not be reimbursable. Procurement requirements under such grants are complex and recipients must review and enhance their procurement policies and procedures to ensure that they can meet all federal, state and local requirements.
Services include:
- Natural disasters, terrorist Attacks, fire and other insurable losses
- Development of emergency procedures and controls
- Evaluation of insurance claims and support
- Recover or recreate lost or compromised financial information
- Monitor emergency repair and recovery efforts
- Analyze reimbursable & non-reimbursable costs
- Evaluate compliance with FEMA, FTA, HUD or other applicable requirements
- Evaluate program procedures and controls
- Assess and enhance program manuals
- Evaluate grant obligations
- Assess program eligibility requirements
- Analyze subrecipient agreements and requirements
- Monitor and analyze funded activities
- Assess program reporting and recordkeeping requirements
Program Compliance and Risk Mitigation Services
At Yip Associates, we assist both public agencies and private clients in developing and implementing compliance programs and risk mitigation strategies aimed at reducing exposure to risks that can have a detrimental impact on an organization’s finances, or even worse, its integrity.
Services include:
- Conducting risk assessments and identifying vulnerable business areas
- Creating and modifying company codes of business conduct and ethics
- Developing policies and procedures designed to mitigate risks in vulnerable areas
- Monitoring compliance with enhanced business conduct and ethics programs
- Identifying and evaluating compliance program software options
- Developing and conducting compliance program training
Construction Accounting and Litigation Support Services
Yip Associates provides forensic accounting, construction auditing and litigation support services to owners, developers and contractors in both the public and private sector. Our firm is ideally positioned to support your construction related audits, investigations and litigation matters.
Firm Certifications
Yip Associates has been certified as a Minority Owned, Woman Owned and Small Business Enterprise by several major state and city agencies, including:
- New York State – Division of Minority and Women’s Business Development – MBE
- New York State – Division of Minority and Women’s Business Development – WBE
- NYC Small Business Services, Div. of Economic and Financial Opportunity – M/WBE
- The Port Authority of New York & New Jersey – M/WBE and SBE
- New York City School Construction Authority- M/WBE
- Nassau County Office of Minority Affairs – M/WBE
- State of New Jersey Department of the Treasury – M/WBE
- The Greater Orlando Aviation Authority – M/WBE
- National Minority Supplier Development Council – MBE
- Women’s Business Enterprise National Council – WBE
- Women’s Business Enterprise National Council – WOSB
Our Professionals
- Maria M. Yip, CPA, CFE, CIRA, CFF
- Richard F. Vermeulen, CPA, CFE, CRFAC, CCA
- Kerry-Ann M. Rin, CPA, CIRA
- Christopher M. Cropley, CPA
- Charles D. Bailey, CFE
- Matthew J. Bellacosa, CPA, CFE
- Brandon O. Victor, CFE, CCA, GRCA
- Christopher F. Leo, CFE
Contact Yip Associates to find out how our team can help you.