In order to receive proof of
CEU credits, you must watch this presentation in its entirety and complete the
survey.
Level: Basic
TCM Section(s):
2.4. Project Control Process Map
Venue: 2021 AACE International Conference & Expo
Abstract: Resolving time extensions and extended general conditions are challenging issues for contractors, subcontractors, and owners. Submission timing is often key to resolving a time extension favorably, and if there is no resolution, that timing may be important to preserving one’s ability to successfully resolve a claim.
Further complicating resolution are the different methods available for quantifying extended general conditions costs and how general conditions may vary over time. Using the costs incurred during the delay period may yield very different results than using the costs at the end, or tail, of the project. This paper will provide a brief introduction on how the timing of time extensions is crucial for successful resolution of change orders and claims, and will also provide recommendations for how to accurately price extended general conditions costs in various project scenarios.
Level: Basic
TCM Section(s):
2.4. Project Control Process Map
Venue: 2021 AACE International Conference & Expo
Abstract: Resolving time extensions and extended general conditions are challenging issues for contractors, subcontractors, and owners. Submission timing is often key to resolving a time extension favorably, and if there is no resolution, that timing may be important to preserving one’s ability to successfully resolve a claim.
Further complicating resolution are the different methods available for quantifying extended general conditions costs and how general conditions may vary over time. Using the costs incurred during the delay period may yield very different results than using the costs at the end, or tail, of the project. This paper will provide a brief introduction on how the timing of time extensions is crucial for successful resolution of change orders and claims, and will also provide recommendations for how to accurately price extended general conditions costs in various project scenarios.