Calculating the Damages of Delay, Inefficiency and Acceleration
Presented by:
J. Scott Lowe, P.E., Principal
Trauner Consulting Services, Inc.
Time is money and there are real costs to every member of the project team associated with delays, inefficiencies and project acceleration. For contractors and subcontractors, these problems mean higher overhead, labor and equipment costs. For owners and developers, these problems mean higher administrative costs and real impacts to the economic viability of the project.
The objective of this presentation is to use practical examples and real case studies to show simple and successful approaches to the documentation and calculation of the damages that come from delay, inefficiency and project acceleration. The approach used will address common contract provisions governing these topics and common misconceptions and mistakes.
This informative 90-minute program will:
- Set the stage by briefly introducing the concepts of delay, inefficiency and project acceleration
- Focus first on the costs of delay, presenting the information by party and cost component
- Contractor and subcontractor delays
- Labor costs
- Idle labor costs
- Labor cost escalation
- Idle and extended equipment cost
- Material costs
- Material cost escalation
- Storage costs
- Overhead
- Field overhead
- Home office overhead
- Eichleay formula
- Canadian formula
- Other formulas
- Owner costs
- Additional administrative expenses
- Management and oversight
- Inspection
- Lost revenue
- Lost sales and market share
- Review the costs of inefficiency
- The Measured Mile
- Pricing the Measured Mile
- Review the costs of acceleration
- Contractor and subcontractor costs
- Owner costs
- Introduce contract provisions that address pricing of delay, inefficiencies and acceleration
- Examine proper documentation of costs
- Help you understand timely notification of costs
- Assess presentation of damages
- And much, much more!
Who Will Benefit?
This program is a must if you’re a contractor, public or private owner, subcontractor, construction manager, owner’s representative, architect, or other design professional providing project oversight services. This seminar will also be invaluable to the attorneys that represent these parties in construction disputes.
Meet Your Expert Instructor:
J. Scott Lowe, P.E., is a Principal with Trauner Consulting Services, Inc. His expertise lies in the areas of critical path method scheduling, construction claim preparation and evaluation, dispute resolution, technical document development, contract administration, and cost analysis. He has directed and performed virtually all types of analyses, including delay, productivity and efficiency, including cost and the determination of damages, on varied projects throughout the U.S. and abroad. On many occasions, he has provided expert testimony at deposition, arbitration, and trial.
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