Contractors are entitled to recover both the time resulting from the delay and delay damages if they encounter owned caused (excusable/compensable) delay. It’s fairly easy to calculate material escalation, equipment and labor costs in such situations. Extended field office overhead or general conditions costs are also part of delay costs and contractors typically seek to recover them in such cases.
However, compared to estimating delayed direct costs, it is much more complex to calculate extended field overheads. But there are eight effective methods of calculating extended field office overhead costs and none of the calculations arrive at the same daily delay cost.
This webinar by expert speaker James G. Zack, Jr. will discuss all these eight methods and explore the strength and weakness of each of the methods. He will also offer recommendations on how project owners can resolve this dilemma in advance of delays, thus making the issue less contentious should a contractor encounter an owner-caused delay.
This session will help you understand issues concerned with pricing of contractor delay damages, and as contractors, you will learn various methods to calculate extended field office overhead costs. You will also come to know about the various methods to predetermine this element of delay cost to prevent or control the need for end of the job audits or disputes over such costs.
After attending this webinar, you will have a better understanding of the issues concerning the pricing of contractor delay damages. Contractors will gain knowledge about the various methods of calculating extended field office overhead costs. Owners will learn some contractual methods for predetermining this element of delay costs in order to prevent the need for end of the job audits or disputes over such costs.
Who Should Attend
James G. Zack Jr.
James G. Zack Jr. is the Executive Director of the Navigant Construction Forum – the construction industry’s global resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Formerly, Executive Director, Corporate Claims Management for Fluor Co... More info