by Rob Mattern
This article originally appeared in the October 2014 ILTA Business and Financial Management white paper series.
Mattern & Associates has completed its 6th bi-annual Cost Recovery Survey, marking a decade of gathering industry-wide data on cost recovery practices, and along the way dispelling myths surrounding cost recovery and providing an unbiased comprehensive resource for our clients and the marketplace to develop a firm-wide strategic plan for the recovery of justifiable costs.
The Survey results show that the majority of firms are invested in cost recovery strategies in one form or another, and that typically the firms who take a leadership position on cost recovery are the ones which, no surprise, benefit the most financially, operationally and strategically. Here’s how.