Contractors have faced very strictly"no damages for delay" clauses. Delay is one of the most common problems in construction projects resulting in construction disputes and claims. These delays can have a severe financial impact on the project. Therefore, determining the costs of delays is crucial to a construction project and its budget. When disputes erupt, delay claims may be filed, and then, knowing the process for submitting or reviewing delay claims, as well as how to approach modifying the contract becomes vital.
This webinar will go over Types of damages, Identifying and proving delays, the most acceptable methods &approaches to documenting impacts, as well as how to categorize and effectively implement these approaches to effectively present costs and delay claims. We will also discuss how project schedules are used and misused to support a party's position.
The webinar will be presented by an experienced instructor, who will provide the perspective of both, the contractor, who is typically responsible for developing and updating the project schedule, as well as the owner, who is typically responsible for reviewing and accepting the project schedule and evaluating requests for additional time.
Join this session by expert speaker Bill Haydt, where he will discuss the methods and importance of determining and documenting the Costs associated with Delays.
Overview of Project Delays
Defining Critical Path, Longest Path, and Float
The difference between Critical Path and the Longest Path
Overview of Critical Path
Who owns Float?
Relevant Contract Provisions
Standard Form Contracts
Excusable, Non-Compensable Delays
Excusable, Compensable Delays
Allowable Delay Costs
Owner Actual and Delay Costs
Contractor Delay Costs Breakdown
Acting on Delay Issues
Why You Should Attend:
Basically, delays are a net loss situation: All the parties lose one way or the other and there are no real winners. Reputations are at stake as well. By attending this webinar, you will learn why determining costs associated with delays is an essential project management tool. Reviewing contract provisions becomes important in case of delay claims. And, this process requires extensive documentation. You will learn both the processes. The session will also put light on how to adjust a price after the change of work is performed and construction costs 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
Architects and Engineers Involved in Construction
Developers Project Owners
All other construction professionals are 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.