Construction Project Management: Loss and Expense
1.5 Hours Formal CPD
Recognize how best to deal with the loss and expense procedures relevant for each party involved in a construction project, and be able to advise your clients accordingly.
|20 December 2018 - 12:00pm|
It is important to understand what constitutes loss and expense, how to calculate the value, and what records should be kept throughout the project life cycle to assist in the process/claim.
Loss and expense is paid to the contractor in order to put the contractor’s cash position back where it would have been before a breach of contract arose. This class will address the questions of when loss and expense should be paid and what the value should be.
- Introduction to loss and expense
- Loss and expense procedures
- Causes of loss and expense
- Parties obligations relating to the subject
- Architect and contract administrator’s obligations regarding determination
- Content of contractor’s notices
- Methods and calculating head office overheads
- Record keeping
Why attend this course
To gain an understanding of what is a valid loss and expense claim, how to calculate the cost of such claims, and know which records to keep throughout the project lifecycle in order to assist with such claims.
Who should attend
Commercial managers of construction companies, quantity surveyors (main contractor and client side ), cost estimators, project managers, contracts administrators, and architects.
This class will be delivered using PowerPoint slides with discussions and activities integrated throughout to support your learning. The class will end with an open Q&A session with your trainer.
+1 (212) 847-7400
Sorina Du Toit MRICS