MODULE 3 - Course Contents
Successful Cost Claims & Records To Prove Them
This is a one-day course intended to raise your delegates’ understanding and awareness of how best to secure successful reimbursement of Cost Claims; how best to demonstrate and substantiate entitlement and the amounts of compensation; how also to enhance record keeping to provide convincing ammunition when required to back up a cost claim. The principles and techniques conveyed in this course will be equally valuable to those in your firm who have to defend, address and negotiate claims which are received from subcontractors and vendors.
Changes and delays on a construction project create a constant source of risk and drain on profit and cash flow. Project margins have become increasingly tighter, so the ability to secure and maintain contract entitlements has become more crucial than ever. Often the ability to submit and secure successful claims (and defend incoming claims), means the difference between a successful bottom line for the project and a financial disaster.
Who should attend?
This module is valuable to a broad range of disciplines within your teams, including Senior Managers, Commercial Managers, Quantity Surveyors, Contract Administrators, Estimating and Procurement personnel, Engineering personnel, Planning & Controls staff, Project Managers, Construction Managers.
Topics Covered by the Course
- THE CONTRACT
- The term “Claim”
- Establishing grounds
- Demonstrating Entitlement
- Evaluating Claim Quantum
- Contract compensation provisions
- Non-standard conditions of contract
- Implied remedies
- General damages claims
- Contract notices
- DELAY & DISRUPTION CLAIMS
- Demonstrating “Cause & Effect”
- Disruption Vs Prolongation
- Event Chronology
- Using and creating Baseline Schedules
- Delay Analysis
- Acceleration
- COST CLAIMS
- Evaluating legitimate time related costs
- Using formulae for claiming extended overheads
- Demonstrating and calculating loss of efficiency and lost production
Claiming loss of profit
- Claiming Interest and Finance Charges
Recovering costs of the claim
- THE CLAIM DOCUMENT
- The overall approach
- Timing of submission
- The contract particulars
- Summary of facts
- Basis of claim
- Particulars of claim
- Evaluation
- Settlement Agreement
- RECORD KEEPING & MANAGEMENT
- Importance of good records
- Database record management
- Inadequacies in proprietary document management systems
- Drawing registers and records of allocated engineering time
- Recording Change
- Manpower allocation records – site management team
- Site Labour Allocation records
- Plant and equipment records
- Records which expose loss of production
- Requests for Information and Instruction
- Instructions & Variations
- The nightmare of email records
- Forfeiture of entitlement
For more details about this Module call Richard Burke at our Edinburgh Head Office on:- 0131 272 2722 or email Richard at:- main@rbpartnership.com
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