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Scheduling Tracking and Record Keeping
In this webinar, the attendees will learn how to manage a project and importantly manage the risks involved. We will explore estimating, bidding, cost tracking, scheduling, and progress tracking from the point of risk so the attendee can appreciate the risk without having to first live it in the field. The attendee will learn how bidding, budgeting, scheduling, and tracking can and should all work together ..
Direct Versus Indirect Expenses in Construction Projects
This seminar discusses construction expenses, their type, and classification. It goes into each category and explains it in simple terms. We discuss labor, materials, equipment, other (government fees, lab tests), subcontracts, job (project) overhead, general (main office) overhead, contingency allowance, profit allowance, and inflation/escalation allowance. We then go into a brief analysis of all these exp..
Construction Projects Cash Flow and the Progress Payment Cycle
The seminar starts with definitions and the importance of cash flow diagrams, mainly for contractors. Secondly, we go into preparing these diagrams and updating them. Several issues and scenarios will be discussed. Thirdly, we explain the cycle of progress payment requests and connect it to cash flow diagrams. Lastly, we discuss the importance of these diagrams and mutual impact on other aspects of the proj..
Tales from the Claims Crypt – Lessons Learned
Construction industry surveys indicate that one of the most common causes of claims and disputes is inadequate contract administration. The presentation uses a number of “war stories” to illustrate some pitfalls owners and contractors all too often fall into. The presentation is based on multiple real-life projects and discusses the claims that arose the how and the why. The presentation describes the outco..
Simplifying CPM Schedules: Dealing with Logic, Lags, and Constraints
This seminar will go briefly over the creation of a typical construction CPM schedule: Breaking down the project into activities, estimating their duration, and sequencing them. It will provide many hints that aim to simplify the schedule and make it more “user-friendly” for the field people. The schedule will also be easier to work with for:Schedule updating, measuring work progress, determining percent co..
Impact Damages – Fact or Fiction?
In this session, industry veteran Jim Zack will discuss impact damages and what they may include. Attendees will gain a better understanding of impact damage and the issues surrounding this form of damage. This session will also explore 10 types of impact damage claims. For each of the 10 types of impact damage claims, Jim will identify and discuss one or more potential defenses owners may employ to analyze..
Calculating Contractor Jobsite Overhead Delay Costs
Learn about the recoverability of extended field office overhead costs in the event a compensable delay arises on a project General Contractors and subcontractors will gain information on the various accepted methods of calculating this element of delay damagesOwners will be exposed to various methods of specifying this element of delay damages in contracts to avoid disputes later should a compensable delay..
Changes and Change Order Management
In order to deliver successful projects on time an in budget, owners and contractors must know how to manage changes to the work during the construction period. This webinar discusses how and why changes arise during the project’s construction phase; what owners can and cannot change; the types of change to the work in progress; how each type of change order should be handled on the site; the rules of contr..
Construction Cost Estimating Using RS Means Database and Online Estimating
This webinar contains two major components: An explanation of the RS Means database and its categories and components. The webinar explains all the displayed numbers and how they are calculated and how they should be adjusted. A quick overview of the RS Means Online system and how it can be used for itemized (detailed) estimates, assemblies, and summary estimates.Areas CoveredA quick overview of the RS Mean..
Construction Lending and Real Credit Administration: Evaluating, Underwriting, and Monitoring Construction Loans
Most bankers acknowledge that construction lending is riskier than other types of commercial lending:Repayment ability depends on successful completion of the construction before the project can generate cash flow from the sale of the finished property, from rental or lease of the real estate, or permanent take-out refinancingDuring the construction period, the collateral is literally work-in-progress and o..
Differing Site Conditions – Who Really Owns The Risk?
The Differing Site Conditions clause is one of the oldest clauses used in construction contracts, having been created by the U.S. Federal government in 1926. It is generally accepted that the object of the clause is to transfer the risk of latent site conditions to the owner, thus enticing contractors to reduce their contingency cost at the time of bid. The promise of the clause is that if the contractor en..
Early Completion Schedules – Benefits, Risks and Defenses
A contractor’s right to complete work early was acknowledged by U.S. Courts in the 1960’s. Delayed early completion claims arose shortly thereafter and became somewhat common in the industry. It was then, and remains now, a controversial issue in the construction industry with many project owners refusing to accept early completion baseline schedules. Others crafted contractual mechanisms to defeat such cla..
Early Warning Signs of Construction Claims and Disputes
It is axiomatic that claims and disputes on a project do not simply appear out of nowhere. Experience indicates that when a dispute occurs, there is normally a back story or history of events, decisions, lack of decisions, etc. that can be traced back from a few weeks to several years that gave rise to the dispute. It is these past events or decisions that are identified as “early warning signs” of cl..
Evaluating, Underwriting, and Lending to Construction Contractors
Volatility of construction risk in economic cyclesSupply chain risk for contractorsPayment process for contractors and subcontractorsContractor status report and key elements in contractor accounting and financial statementsProgress billings, retention, and collateral valueRole of sureties in providing bonds to contractors—lien prioritiesEvaluating contractor downside cash flow, collateral , and guarantors ..
Hazard Communication
It is necessary to ensure that the hazards of all chemicals produced or imported are transmitted to employers and employees. The transmittal of information is to be accomplished by means of comprehensive hazard communication programs, which are to include container labeling and other forms of warning, safety data sheets, and employee training. This occupational safety and health standard is intended to addr..