Course description
Preventing and Managing Construction Claims
Construction is risky, do you know how to manage claims and resolve disputes? Construction is inherently risky. These risks include unanticipated design changes, changed conditions, disputed additional work, and other unforeseen circumstance that can result in contractors incurring additional costs. It is essential for all parties involved to understand how these risks are assigned by your construction contracts and how to determine the party ultimately responsible for these added costs. This includes being able to measure the associated impacts (such as delays) and costs. This topic will discuss these risks, identify the contract provisions that enable contractors to request additional compensation and a time extension (and owners to deny additional compensation and time), explain how to measure impacts and quantify costs, and discuss the alternate dispute resolution options available to the parties to resolve their differences.
Learning Objectives
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Who should attend?
Training content
- Overview
- What Is a Claim?
- What Are the Three Parts of a Claim?Evaluating Entitlement
- What Is a Change?
- What Are the Different Types of Changes?
- Basic Contract Principles and Rules of Interpretation
- Key Contract Provisions Used to Demonstrate EntitlementMeasuring Impacts
- How Can a Project Be Impacted?
- Measuring Delay
- Inefficiency
- Acceleration, Including Constructive AccelerationCalculating Costs
- Methods to Calculate Costs
- What Are and How to Calculate Delay Costs?
- What Are and How to Calculate Inefficiency Costs?
- What Are and How to Calculate Acceleration Costs?Resolving Claims
- When to Seek Assistance
- Resolution Before Litigation
- In Courts or Boards
- Alternative Dispute Resolution Options
Costs
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Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...