Navigant is a specialized expert services firm.Based in Chicago, Illinois, Navigant has over forty offices across the United States, Canada, Europe, and Asia. 2012 revenues were $845 million. The company has been listed among Forbes' Best Run Small Companies and Fortune's Fastest Growing Companies. The company's stock is a member of the S&P 400 index. Wikipedia.
Heaphy I.,Navigant Consulting
Proceedings of Institution of Civil Engineers: Management, Procurement and Law | Year: 2013
The paper consists of a high-level comparison between the NEC third edition and the Fidic (Fédération Internationale des Ingénieurs- Conseils) 1999 suite of contracts. The paper covers the origins of each suite of contracts and then compares each of the individual contact forms published by the NEC and Fidic. The paper then moves on to focus on the NEC Engineering and Construction Contact and the Fidic 1999 Red and Yellow Books. The key areas of structure and format, contents of a contract document, roles and responsibilities, variations/extension of time/claims and dispute resolution are then compared and contrasted. The paper concludes with a view on the relative advantages and disadvantages of each contract form and consideration as to why each may be selected. Source
News Article | November 2, 2015
WASHINGTON--(BUSINESS WIRE)--Brian D. Miller has joined the D.C. office of Rogers Joseph O'Donnell, P.C. (RJO) as a shareholder. Brian has a distinguished record of public service. As Inspector General of the GSA from 2005 until May 2014, Brian was highly regarded for his vigilance in prevention of public waste and corruption. Earlier, Brian held several notable positions at the Department of Justice, including a senior management role at the U.S. Attorney's Office for the Eastern District of Virginia, Special Counsel on Health Care Fraud/Senior Counsel to the Deputy Attorney General, and as an Assistant U.S. Attorney in the Eastern District. Most recently, Brian was a Managing Director of Navigant Consulting. Brian brings to RJO a wealth of government experience and understanding of what motivates regulators and how officials at federal agencies think and act. Through his years of service, Brian has developed relationships with key regulators and Justice Department officials, and he has earned the respect of law enforcement officials. Coupled with his knowledge of the operations of the federal government – especially regulatory and enforcement agencies – Brian can apply his insight and subject area expertise to benefit clients in their dealings with IGs, DOJ, the GSA, and other officials. Combining expertise as a traditional government contracts lawyer with practice experience as both a federal prosecutor and a white collar defense lawyer, Brian is an excellent choice for sensitive compliance matters and can be trusted with the defense of complex procurement fraud allegations. For the same reasons, Brian can be relied upon for internal compliance reviews and investigations, will offer informed counsel in dealing with suspension and debarment officials, and can act as a compliance monitor. Neil O’Donnell, firm founder, commented: “We see Brian as leveraging our breadth of subject matter expertise, across many areas of procurement law and regulation, enabling RJO to extend and enhance our abilities to assist clients with performance or compliance issues before the GSA and other federal agencies, and in other matters involving law enforcement and integrity in public contracting.” Bob Metzger, who heads the firm’s D.C. office, said: “Brian is a terrific hire. He adds to our litigation credentials and ability to handle integrity, compliance and procurement fraud matters – including cutting edge issues such as commercial item contracting and cybersecurity.” RJO is a litigation boutique that has specialized in public contracts law for more than 34 years. We represent U.S. and international clients who are industry leaders in diverse market sectors. We are recognized by Chambers USA and Legal 500 as having an elite government contracts practice – and are the only "boutique" firm among those most highly rated. For more information, go to: http://www.rjo.com
News Article | October 27, 2015
CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the third quarter ended September 30, 2015. Navigant reported third quarter 2015 RBR of $209.6 million, a 2% increase compared to $205.5 million for third quarter 2014, with year-over-year organic growth of 1%. Total revenues for third quarter 2015 were $230.3 million compared to $230.1 million for third quarter 2014. Net income from continuing operations for third quarter 2015 was $14.2 million, or $0.29 per share, compared to $16.3 million, or $0.33 per share, in the prior year quarter. Adjusted earnings per share (EPS) was $0.30 for third quarter 2015 compared to $0.32 for third quarter 2014. Third quarter 2015 adjusted EBITDA was $31.6 million compared to $36.3 million for the same period in 2014. “Our third quarter results were in line with our expectations, further solidifying strong year-to-date performance in 2015,” commented Julie Howard, Chairman and Chief Executive Officer. “We are making steady progress on the execution of our growth strategy, reflected by strength in the key growth sectors in which we have invested over the last several years and increasing the percentage of our overall revenue coming from our technology, data and process businesses. I am also encouraged by our margin improvement initiatives and remain confident we will continue to make progress on our longer term earnings goals.” RBR for the Healthcare segment increased 18% year-over-year for third quarter 2015 with 13% organic growth for the period. Overall RBR growth for the segment was driven by increased demand in all areas of healthcare consulting and business process management services. Segment operating profit margin increased to 32% compared to 30% in the same period last year, driven by better operating leverage within the segment. The Energy segment RBR for third quarter 2015 increased 5% compared to third quarter 2014, all of which represented organic growth. The RBR growth in the quarter was partially driven by an increase in market intelligence and strategy and operations engagements, reflecting the benefits of increased client penetration from the segment’s key client accounts program. Third quarter 2015 segment operating profit was down 12% compared to the same period last year, as higher RBR was offset by higher compensation and benefits expenses associated with senior hiring to expand the segment’s capabilities. The Disputes, Investigations & Economics segment RBR results for third quarter 2015 were steady compared to the same period of the prior year. Performance was driven by continued demand for our global construction expertise, international arbitration, financial services disputes, healthcare disputes and commercial litigation consulting, offset by lower contributions from forensic investigations and economic consulting engagements. Segment operating profit increased 4% in third quarter 2015 compared to the same period of 2014, driven by better alignment of resources and higher utilization. The Financial, Risk & Compliance segment RBR for third quarter 2015 decreased 24% compared to the prior year quarter, primarily reflecting the continued lower volume of work from an ongoing large financial institution client due to the extension of a regulatory deadline. Third quarter 2015 segment operating profit was down 40% year-over-year largely as a result of lower RBR and our decision to maintain capabilities in the segment based on expected future market demand. Free cash flow was $18.2 million for third quarter 2015 compared to $24.0 million for the same period in 2014, reflecting the impact of increased capital investment spending. Days Sales Outstanding (DSO) was 81 days as of September 30, 2015, up 4 days compared to September 30, 2014. Bank debt was $146.8 million at September 30, 2015 compared to $158.0 million at September 30, 2014. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 1.22 at September 30, 2015 compared to 1.36 at September 30, 2014. Navigant repurchased 399,200 shares of common stock during third quarter 2015 at an aggregate cost of $6.1 million and an average cost of $15.35 per share. As of September 30, 2015, $93.9 million remained on the Company’s share repurchase authorization. Navigant updated its 2015 financial outlook. Full year 2015 RBR is now expected to range between $822.5 and $837.5 million while 2015 total revenues are estimated to be between $907.5 and $922.5 million. Adjusted EBITDA for full year 2015 is now expected to range between $115.0 and $120.0 million and adjusted EPS for full year 2015 is estimated to be between $0.96 and $1.01. This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. As used in this press release, organic growth represents RBR adjusted to include the impact of acquisitions as if the Company owned them from the beginning of each comparable period and adjusted to exclude the impact of foreign currency exchange rate fluctuations. Our definition of organic growth may not be comparable to similarly titled metrics at other companies. Management believes that organic growth reflects the growth of our existing business and is, therefore, useful in analyzing the Company’s financial condition and results of operations. Navigant will host a conference call to discuss the Company’s third quarter 2015 results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Tuesday, October 27, 2015. The conference call may be accessed via the Navigant website (www.navigant.com/investor_relations) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. Navigant Consulting, Inc. (NYSE: NCI) is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the success of the Company’s organizational changes and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; management of professional staff, including dependence on key personnel, recruiting, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; professional liability; potential legislative and regulatory changes; continued access to capital; and market and general economic conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at www.navigant.com/investor_relations. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements.
News Article | October 6, 2015
CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) announced today that Dorothy DeAngelis joined its Healthcare and Life Sciences Disputes, Regulatory, Compliance and Investigations practice as Managing Director. With more than 20 years of experience in the healthcare industry, DeAngelis expands the Firm’s managed care and pharmacy expertise and supports Navigant’s wide range of services offered to healthcare clients. DeAngelis has experience helping health plans, pharmacy benefit managers (PBMs), pharmaceutical companies, and retail and specialty pharmacies address governmental compliance mandates and achieve successful business outcomes. She also has experience assisting clients with regulatory and operational issues related to Medicare Advantage and Part D, Medicaid, and Affordable Care Act. “Dorothy’s experience, expertise and reputation in both the healthcare consulting and payer industries compliments Navigant’s strong team of healthcare and life sciences experts,” said Saul B. Helman, M.D., Managing Director and Leader of Navigant’s Healthcare and Life Sciences Disputes, Regulatory, Compliance and Investigations practice. “As business pressures mount and regulatory complexity in the payer arena continues to evolve as a result of the Affordable Care Act, our healthcare clients face new challenges and enhanced risk of government enforcement. Dorothy is one of the most uniquely qualified experts in the country, who brings a wealth of knowledge and experience to address clients’ legal, regulatory and compliance issues.” At Navigant, DeAngelis will provide litigation support services including regulatory consulting and expert witness testimony in Medicare Advantage, Medicare Part D, health plan and PBM operations. Prior to joining Navigant, she was a Senior Managing Director and leader of the National Managed Care and Government Programs for FTI Consulting. In addition, DeAngelis held positions within KPMG Forensics’ Healthcare Compliance team as well as compliance leadership roles within Kaiser Permanente. “I am thrilled to be joining a firm with a proven reputation of serving healthcare clients across strategy and operations to litigation, regulatory and compliance needs,” said DeAngelis. “Navigant’s commitment to healthcare clients as well as its scale of capabilities extends well beyond disputes, regulation and compliance. I look forward to working with a talented team of experts to bring innovative solutions and critical thinking to our clients as they continue to navigate the complex and ever-changing healthcare landscape.” Navigant Consulting, Inc. (NYSE: NCI) is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
News Article | June 17, 2015
With big initiatives under way from Google, Apple, Daimler and more, the autonomous car is driving into view as the future of transportation. Whenever we imagine this technology, the reality always seems distant. Indeed, the dominant narrative of Silicon Valley companies’ development efforts is one of stealth, with eventual glitzy launches far in the future, following lengthy, secret testing. That leaves us dreaming of the autonomous car seen in science fiction movies like “Minority Report,” “Judge Dredd” and “I, Robot,” which all cast protagonists riding future freeways with no hands. After all, such a radical thing as a self-driving car is surely that far away, right? The truth, however, is that driverless cars are already here — we just don’t recognize them. Autonomous-car experiments have been carried out since at least the 1950s. Today, many of our journeys are already being driven by algorithms. Consider cruise control. What is a control system keeping consistent throttle pressure if not the earliest form of outsourcing to the motorway machine? Now, however, adaptive cruise control sees your car match the speed of other traffic by watching the car in front, keeping a steady relative distance. Our cars already have eyes. Lane Departure Warning (LDW) technology checks for vehicles drifting across lane dividers. Today, cars like the Jeep Cherokee or Mercedes-Benz S-Class send vibrations or tiny tugs through the steering wheel to alert drivers. Tomorrow, they will simply steer back in the lanes themselves. But our cars are already taking control. Self-parking technology now comes standard on many vehicles, while Forward Collision Warning (FCW) technology is being developed to not just warn about dangers ahead but brake before they are encountered. Many people would not recognize these features as part of what is being termed the “driverless car.” But that is exactly my point. The expectation that autonomous vehicles, unavailable today, will one day appear in the future, is inaccurate — and demonstrates that we often overlook how technologies develop and progress steadily and incrementally. Innovation is an iterative process, not an event. The new MacBook didn’t suddenly arrive as the gleaming, super-thin laptop by accident but, rather, following years of refinement, during which time laptops, even lightweight ones, have become familiar. The mark of a great technology is that, when it is here, we barely remember all the steps and phases of its advance. Driverless cars are already at Level 2, the mid-point of a five-tier journey toward fully autonomous vehicles mapped out two years ago by the National Highway Safety Traffic Administration. And they got there without people realizing we are already halfway there. Many people express concern about driverless cars. But driver aids like the ones available today will play a vital role in conditioning the public to accepting full autonomy when it eventually arrives, which research firm Navigant forecasts to be in 2035 for three-quarters of new cars sold. Sales are half the problem when it comes to people anticipating the shock of the new instead of a natural evolution. As one of the most expensive purchases you will ever make, the car upgrade cycle is far less frequent than, say, your mobile phone. Millions of us are driving around without thinking about the benefits bestowed by the latest driver aids, or even long-accepted ones like cruise control. This naturally makes talk of autonomous vehicles considerably more futuristic than for customers whose 2014 car parked itself and avoided a fender bender on this morning’s commute. It is, perhaps, no wonder that willingness to ride in a driverless car is higher in Brazil, India and China than in western countries. After all, the growing population of wealthy consumers in these fast-growing economies have been buying cars for the first time — cars that include some of the very latest technologies. The jump to full autonomy is not as big a leap as it used to be. The present and future of driverless cars offers lessons for all technology industries. To win consumer interest, release often and focus on selling convenience and safety today, not a distant alien technology tomorrow. When we look back on the evolution of vehicle autonomy through the rear-view mirror, we’ll be hard-pressed to find a single, defining moment. Like all of today’s technology, every step is just another mile in the road.