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When owners delay the critical path of project schedules and the project duration is extended, contractors are typically entitled to recover both the time resulting from the delay as well as time-related damages. Idled equipment/labor and material escalation costs are direct costs and reasonably easy to calculate. Contractors may also recover their delay costs (extended field office overhead or general conditions costs). Calculating extended general conditions costs is more complex than dealing with delayed direct costs. There are, at a minimum, eight different methods of calculating extended field office overhead costs. None of the calculations arrive at the same conclusions concerning delay damages. This webinar discusses all eight methods – offering commentary on the strong and weak points of each.
After attending this webinar attendees will have a better understanding of the issues concerning the pricing of contractor extended general conditions costs. Contractors will gain knowledge of various methods of calculating extended field office overhead costs. Owners will be exposed to some contractual methods for predetermining this element of delay costs to prevent the need for end-of-the-job audits or disputes over such costs.
Who Should Attend
|Jan 19, 2022||Practical Problems Pricing Delay Using the Eichleay Formula||90 Mins||$199.00|
|Oct 25, 2021||Concurrent Delay – Still A "Get Out Of Jail Free" Card?||90 Mins||$199.00|
|Sep 23, 2021||Schedule Delay Analysis – Choosing A Method & Why They Deliver Different Results||90 Mins||$199.00|
|Jun 17, 2021||Alternative Dispute Resolution – Your Key to Staying Out of Court||90 Mins||$199.00|
|May 20, 2021||Proving & Pricing Subcontractor Delay Claims||90 Mins||$199.00|
|Apr 20, 2021||Construction RFIs – The Paper War & How To Prevent It||90 Mins||$199.00|
|Feb 24, 2021||Cost & Time Impact of Rework on Construction Projects||90 Mins||$199.00|