Why Should You Attend:
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 will discuss all eight methods – offering commentary on the strong and weak points of each. The training 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.
Learning Objectives:
Recoverability of extended field office overhead costs in the event compensable delay arises on a project.
Various accepted methods of calculating this element of delay damages for general contractors.
Various methods of specifying this element of delay damages in contracts in order to avoid disputes later.
Costs that should be deducted from this element of delay damages prior to submittal of costs in a claim.
Insight into the issue of the contractor’s obligation to mitigate damages in the event of owner caused delay.
Areas Covered in the Webinar:
The recoverability of extended field office overhead costs, including what field office overhead is and the typical elements of this cost.
The basics of calculating extended field office overhead costs.
Various actual cost methods for calculating extended field office overhead.
The various total cost methods of calculating extended field office overhead costs.
How can the jury verdict method be used to make this delay damage calculation?
How can stipulated contract methods concerning field office overhead be employed?
Costs that must be deducted from the submission of field office overhead costs by the contractor.
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 will discuss all eight methods – offering commentary on the strong and weak points of each. The training 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.
Learning Objectives:
Recoverability of extended field office overhead costs in the event compensable delay arises on a project.
Various accepted methods of calculating this element of delay damages for general contractors.
Various methods of specifying this element of delay damages in contracts in order to avoid disputes later.
Costs that should be deducted from this element of delay damages prior to submittal of costs in a claim.
Insight into the issue of the contractor’s obligation to mitigate damages in the event of owner caused delay.
Areas Covered in the Webinar:
The recoverability of extended field office overhead costs, including what field office overhead is and the typical elements of this cost.
The basics of calculating extended field office overhead costs.
Various actual cost methods for calculating extended field office overhead.
The various total cost methods of calculating extended field office overhead costs.
How can the jury verdict method be used to make this delay damage calculation?
How can stipulated contract methods concerning field office overhead be employed?
Costs that must be deducted from the submission of field office overhead costs by the contractor.
The contractor’s obligation to mitigate damages.
