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Dealing With Contractor Site Delay Costs (CCLD62H)

Presented By : James G. Zack Jr.
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
60 minutes
  •  Wed, December 7, 2016
Event Description

Get an Understanding of Issues Related to Pricing Contractor Delay Damages and Top 8 Methods to Calculate Extended Field Office Overhead Costs.

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.

Session Highlights:

  • How to recover extended field office overhead costs, including understanding of field office overheads and typical elements of this cost?
  • Basics of extended field office overhead calculation
  • Various actual and total cost methods to calculate extended field office overhead costs
  • Jury verdict method and how to use this for delay damage calculation
  • How to employ stipulated contract methods concerning field office overhead?
  • Identifying costs that need to be deducted from field office overhead costs submission by contractors
  • The contractor’s obligation to mitigate damages
  • How to recover extended field office overhead costs if compensable delay arises on a project?

Session Benefits

  • As a general contractor – know various accepted methods of calculating delay damage elements
  • As an owner – know various methods to specify delay damage elements in contracts to avoid latter disputes on whether compensable delay should occur
  • As owners and contractors both, get information on what costs need to be deducted from delay damage elements prior to cost submission in a claim
  • Owners gain insight into the contractor obligation issues to mitigate damages during owner caused delay

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

  • General Contractors
  • Owners and their representatives
  • Design professionals
  • Construction managers
  • Attorneys
About Our Speaker(s)

James G. Zack Jr., Construction Law ExpertJames 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

 
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    Subject: You might be interested in this event from AudioSolutionz
    Event Title: Dealing With Contractor Site Delay Costs
    Presenter(s): James G. Zack Jr.

 
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