Construction Management - Pricing Contractor Delay Costs
After attending this webinar, you will:
- Learn about the recoverability of extended field office overhead costs in the event compensable delay arises on a project, including what field office overhead is and the typical elements of this cost;
- Be exposed to the basics of calculating extended field office overhead costs;
- General Contractors will gain information on the various accepted methods of calculating this element of delay damages;
- Owners will be exposed to various methods of specifying this element of delay damages in contracts in order to avoid disputes later on should compensable delay occur;
- Understand the various actual cost methods for calculating extended field office overhead; the various total cost methods of calculating extended field office overhead costs; how the jury verdict method may be used to make this delay damage calculation; and, how stipulated contract methods concerning field office overhead may be employed;
- Be able to identify what costs must be deducted from the submission of field office overhead costs by the contractor;
- Discover what it takes to assert the defense of the contractor’s obligation to mitigate damages;
When contractors encounter owner caused (excusable/compensable) delay they are typically entitled under the contract to recover both the time resulting from the delay as well as delay damages. Idled equipment/labor and material escalation costs are fairly easily calculated in such situations. Typically, contractors also seek to recover their delay costs (extended field office overhead or general conditions costs) also. Calculating this cost is more complex than dealing with delayed direct costs. There are, at least, eight methods of calculating extended field office overhead costs.
None of the calculations arrive at the same daily delay cost. This webinar discusses all eight methods – offering commentary on the strong and weak points of each. The paper also offers recommendations on how project owners can resolve this dilemma in advance of delays, thus making the issue less contentious should a contractor encounter an owner-caused delay.
- Types of Delay
- What Are Delay Costs?
- What Are Extended General Conditions Costs?
- How Are Extended General Conditions Costs Calculated?
- Other Issues Related to Extended General Conditions
Who should attend:
- General contractors and their project managers
- Project owners and their representatives
- Design professionals
- Construction managers
- Construction attorneys
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Almost all of EPIC's seminars and webinars offer :
- Continuing Education Units (CEUs) and
- Professional Development Hours (PDHs)
These course credits will help attendees earn training requirements for their associations or provincial governing bodies.