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Construction Claims Monthly - Devoted exclusively to the problems of construction contracting since 1963

Project Delay Damages (CCL650R)

  • Product Format
    Pre Recorded Webinar
  • Presenter(s)
    Megan S. Wells
  • Conference Date
    Wed, June 3, 2015
  • Length
    60 minutes

Gain an Understanding of Delay Damages Calculations from Both the Owner and the Contractor Perspectives

Delays in construction projects can lead to serious financial repercussions for both owners and their contractors. Besides, calculating damages in cases of construction delays can prove tricky and complex.

Join Megan Wells in this informative webinar to shed light on pricing construction delay damages. The informative session will discusses different methodologies for pricing direct and indirect delay damages; identifies potential pitfalls with certain methodologies; and provides case examples of how delay damages can be priced.

Megan will assist you with practical examples of how appropriate delay damages pricing can lead to successful resolution of change orders and potential disputes. This webinar provides a thorough discussion of delay damages calculations from both the owner and the contractor perspectives.

Session Highlights:

  • Insights on schedule delay analysis and compensable versus non-compensable delay
  • Learn about the general delay claim damages principles as well as differences between direct and indirect delay damages
  • Discussion on field office overhead, methods for recovery, and pricing methodologies.
  • Discussion on home office overhead, methods for recovery, and pricing methodologies.
  • Finally, the webinar provides real case examples of delay damages calculations.

Benefits of the session

  • Learn the different types of construction delay damages
  • Gain an understanding of when owners and contractors would want to perform delay damages calculations
  • Examples of calculations for pricing direct and indirect delay damages
  • Learn the benefits of pricing field office overhead at various points during the project
  • Learn the pitfalls with using the Eichleay formula to price delay damages, and potential alternative pricing methodologies

Who should attend

  • Owners and owner representatives managing construction projects.
  • Contractor executives, project managers, accounting and finance personnel, and project control personnel.
  • Attorneys dealing with construction claims and disputes.

Ask a question at the Q&A session following the live event and get advice pertaining to the conference from our expert speaker.

 

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About the Presenter(s)

 

Megan S. WellsMegan 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 ...More Info

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