Construction
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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 ..
Requests for Information – The Paper War and How To Prevent It
This webinar discusses the genesis of RFIs, their development in the industry and a frequent common use. The webinar discusses the impact of RFIs on construction projects, drawing upon data provided by a global construction software provider and other studies to assess how RFIs and the RFI process impact both small and large construction projects. The webinar addresses the abuse of the RFI process, examinin..
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..
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..
Common Mistakes Owners and Contractors Make That Cause Claims
When asked about the most common causes of construction claims, owners and contractors often recite a lengthy list including changes, delays, site conditions, lost labor productivity, etc. However, recent global surveys of the top five causes of claims found that contract administration issues are the largest cause of claims. Experience indicates that contract administration issues are not caused solely by ..
Time and Cost Impact of Rework on Construction Projects
Rework in the construction industry is frequent and well known. It is a drain on construction productivity, profitability, and the timeliness of project delivery for both contractors and owners. Additionally, the need for rework can have spinoff or downstream impacts for all project stakeholders. The causes of rework are, likewise, very well known - design and construction changes; errors and omissions; pro..
Partnering – A Way To Reduce Claims
Project partnering is one of the most effective tools in the construction management process employed to deliver successful projects that complete on time, on budget, safely, with the specified quality, and have no outstanding disputes at the end of the job. Construction Managers are frequently the leaders in convincing owners to adopt project partnering and must be involved in the entire process if partner..
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..
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 out..
Overview of Construction Claims and Disputes
This webinar discusses the 11 basic types of construction claims included in most standard contracts used throughout the U.S. – AIA, Consensus DOCS, EJCDC, etc. The webinar outlines the entitlement and causation elements of each type of claim that the claimant must demonstrate to justify their right to prevail. The webinar highlights the following types of construction claims – claims for directed changes; ..
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..
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..
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..
Overview Of Construction Claims And Disputes For Owners And Contractors
This webinar discusses the 11 basic types of construction claims included in most standard contracts used throughout the U.S. – AIA, Consensus DOCS, EJCDC, etc. The webinar outlines the entitlement and causation elements of each type of claim that the claimant must demonstrate to justify their right to prevail. The webinar highlights the following types of construction claims – claims for directed changes; ..
Pacing Delay – The Practical Impact on Project Management & Delay Claims
This webinar is focused on pacing delay, a controversial delay issue in the construction industry. Currently there is little literature on pacing delay and case law is a bit sparse. Thus, owners and contractors often find themselves at odds with one another over the practical effect of pacing delay in a delay claim situation. The webinar defines the term; identifies what constitutes pacing..