How to successfully Determine the Costs associated with Delay

Contractors have faced very strictly"no damages for delay" clauses. Delay is one of most commonproblems in construction projects resulting in construction disputes andclaims. These delays can have a severe financial impact on the project.Therefore, determining the costs of delays is crucial to a constructionproject and its budget. When disputes erupt, delay claims may be filed andthen, knowing the process for submitting or reviewing delay claims, as well ashow to approach modifying the contract becomes vital.

This webinar will go over Types ofdamages, Identifying and proving delays, the most acceptable methods &approaches to documenting impacts, as well as how to categorize and effectivelyimplement these approaches to effectively present costs and delay claims. Wewill also discuss how project schedules are used and misused to support aparty’s position.

The webinar will be presented byan experienced instructor, who will provide the perspective of both, thecontractor, who is typically responsible for developing and updating theproject schedule, as well as the owner, who is typically responsible forreviewing and accepting the project schedule and evaluating requests foradditional time.

Session Highlights:

• Overview of Project Delays

• Defining Critical Path, Longest Path, and Float

• The difference between Critical Path and the Longest Path

• Overview of Critical Path

• Float Overview

• Total Float

• Misconceptions

• Who owns Float?

• Contract Provisions

• Relevant Contract Provisions

• Standard Form Contracts

• Excusable, Non-Compensable Delays

• Excusable, Compensable Delays

• Allowable Delay Costs

• Delay Damages

• Owner Actual and Delay Costs

• Contractor Delay Costs Breakdown

• Eichleay Formula

• Documenting Delays

• Acting on Delay Issues

• Summary
  

Why You Should Attend:

Basically delays are a net loss situation:  Allthe parties lose one way or the other and there are no realwinners.  Reputations are at stake as well. By attending thiswebinar, you will learn why determining costs associated with delays is anessential project management tool. Reviewing contract provisions becomesimportant in case of delay claims. And, this process requires extensivedocumentation. You will learn both the processes. The session will also putlight on how to adjust a price after the change of work is performed and constructioncosts best practices, tips, and abuses will also be covered in depth.

The webinar also provides construction professionals with an understanding of how to manage and protect the project time from a risk perspective.

Who Should Attend:

• Construction Company Executives 

•  Construction Project Managers

•  ConstructionContract Managers 

•  Trade Contractor Executives and Field Managers 

•  Construction Attorneys 

•  Architects and Engineers Involved in Construction·       

•  Contractors 

•  Subcontractors 

•  Presidents

•  Vice Presidents 

•  Developers 

•  Project Owners
  

• All other construction professionals were interested in determining their project costs associated with delays.
  

You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it at your convenience.