Rework in the construction industry is frequent and well known. It is a drain on productivity, profitability and 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; project enhancements; operability changes; fabrication changes and errors, etc. While rework is common, the impact has not been thoroughly assessed, studied or discussed.

This presentation assesses and identifies the typical cost of rework on a wide range of project types. It shows how the cost of rework is frequently understated and provides an estimate of the true “average cost” of rework. The presentation also identifies the average impact of rework on project duration in terms of time as well as unrecoverable extended overheads and the cost of liquidated damages. Finally, the recorded webinar identifies a number of practical methods that can be employed by owners and contractors to substantially reduce both the cost and time impact of rework.

Objectives:

• Learn about the reported cost of rework on construction as identified by a large number of studies
• Learn the true cost of rework
• Understand the estimate of the average amount of delay caused by rework on the typical construction project
• Become familiar with the estimated amount of delay cost arising from rework
• Be exposed to an estimating model which allows you to estimate the cost of rework on future projects
• To gain information on a number of practical recommendations intended to reduce the amount of rework on future projects

This session  is a must if you’re a contractor project manager, project sponsor, cost estimator or and project controls professional. Likewise, construction managers and design professionals performing services during construction will benefit as will project owners and owner representatives.

This event features key insights from our knowledgeable construction expert:

James G. Zack, Jr. Executive Director, Navigant Construction Forum Jim is the Senior Advisor to and former Executive Director of the Navigant Construction Forum. The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Formerly he was the Executive Director of Corporate Claims Management for Fluor Corporation, one of the world’s largest publicly owned engineering, procurement, construction and maintenance (EPCM) contractors working in the areas of energy, chemicals, infrastructure, manufacturing, life sciences and mining. Mr. Zack was previously Vice President of PinnacleOne and the Executive Director of the PinnacleOne Institute and a Senior Construction Claims Consultant for CH2M HILL, Inc. Mr. Zack has, for nearly 40 years, worked on both private and public projects. In the construction claims field, he is a recognized and published expert in mitigation, analysis and resolution or defense of construction claims and disputes.