My Shopping Cart
 
There are no items in your shopping cart.


Pricing Jobsite Overhead Delay Costs (CCL172M)

(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
90 minutes
  •  Thu, January 26, 2017
Event Description
See the sneak peek before you buy!
 

Get a Better Understanding of Calculating and Pricing Contractor Delay Damages.

When contractors face delays caused by owner (compensable/excusable), they are usually entitled under the contract to recover both the delay damages and the time resulting from the delay. Idled labor/equipment and material escalation costs are calculated fairly easily in such scenarios. Usually, the contractors seek to recover the delay costs too (extended field office overhead or general conditions costs).  Calculating this cost is more complicated than handling delayed direct costs. To calculate extended field office overhead costs, there are at least eight methods. None of these calculations arrive at the same daily delay cost.

In this session, expert speakers, Megan S. Wells, CMA and James G. Zack, Jr., CCM, CFCC, FAACE, FRICS, FFA, PMP will discuss all the eight methods with you and offer commentary on the weak and strong points of each. They will also offer recommendations on how project owners can solve the dilemma in advance of delays, thus making the issue less contentious should a contractor comes across an owner-caused delay.

You will have a better understanding of the problems related to the pricing of contractor delay damages after attending this webinar. Contractors will gain understanding about the various methods of calculating extended field office overhead costs. Owners will gain knowledge about 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 expenses.

Session Highlights

  • Recoverability of extended field office overhead costs, including what field office overhead is and the typical elements of this cost.
  • Basics of calculating extended field office overhead costs.
  • Analyze the various actual cost methods for calculating extended field office overhead.
  • Various total cost methods of calculating extended field office overhead costs.
  • How the jury verdict method may be used to make this delay damage calculation.
  • How stipulated contract methods concerning field office overhead may be employed.
  • Identify what costs must be deducted from the submission of field office overhead costs by the contractor.
  • The contractor’s obligation to mitigate damages.

Session Objectives:

  • Recoverability of extended field office overhead costs in the event compensable delay arises on a project.
  • General contractors will gain information on the various accepted methods of calculating this element of delay damages.
  • Owners will be exposed to various methods of specifying this element of delay damages in contracts in order to avoid disputes later on should compensable delay occur.
  • Owners and contractors will receive information on what costs should be deducted from this element of delay damages prior to submittal of costs in a claim.
  • Owners will gain insight into the issue of the contractor’s obligation to mitigate damages in the event of owner caused delay.

Who should attend?

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

James G. Zack Jr. | Construction Claims Management SpeakerJames G. Zack Jr.
Jim is the Senior Advisor to the Navigant Construction Forum™. The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Formerly, he was the Executive Director, Corporate Claims Management Group, Flu... More info

 

Megan S. Wells | Construction Claims SpeakerMegan S. Wells
Megan Wells is a Director in Navigant's Global Construction practice and is the Director of the Seattle Office Construction Practice. Ms. Wells has over 23 years of consulting experience, including the analysis of costs and damages incurred on numerous construction projects and government contracts throughout the Unite... More info

 
Recommend this event to a colleague
  • Your Name:
  • Your E-mail:
  • Colleague's Name:
  • Colleague's E-mail:
  •  
    Subject: You might be interested in this event from AudioSolutionz
    Event Title: Pricing Jobsite Overhead Delay Costs
    Presenter(s): James G. Zack Jr., Megan S. Wells

 
 
 
Our Accreditation Partners
DMCA.com Protection Status