Services : Cost Control Program

In many organizations the management of utility costs is not a top priority. Utility invoices are typically processed by accounts payable departments without any meaningful review or verification. Most management attention is devoted to the cost of labor and materials. Considering that energy and telecommunications costs can make up as much as 25 percent of an organization's overall operating budget – utility cost reductions, even the most modest ones, can significantly improve profitability.

To relieve businesses of the burden (i.e., time, expense and distraction) of developing and maintaining the resources and expertise to internally verify, validate and analyze utility expenditures, we developed the NUS Cost Control Program. This program is designed to identify and pursue potential refund and cost savings opportunities – reducing your utility costs and improving your profits.

The NUS Cost Control Program is both easy to implement and scalable. It can function as a total outsource solution or as a complement to existing utility cost management programs.

As part of this service, you will be assigned a specific account manager who will act as your primary contact within NUS Consulting and will coordinate the following activities:

Data Collection: compile your past and current utility invoices and construct a comprehensive database of key utility data – i.e., usage, demand, price, taxes, etc.

Recovery Audit: review your utility invoices for administrative, computational and other potential errors and overcharges.

Rate Optimization: analyze your annual utility usage and demand profiles against available rate options to identify more cost effective alternatives.

Procurement: in competitive markets, prepare documentation necessary to solicit offers from suppliers, evaluate responses and negotiate contractual terms and conditions.

Reporting, Implementation & Monitoring: prepare and submit management reports with our findings and recommendations, implement refund and savings strategies, and monitoring of future invoices for new cost saving opportunities and compliance.