Level: Advanced
TCM Section(s):
6.4. Forensic Performance Assessment
7.1. Project Scope and Execution Strategy Development
Venue: 2023 AACE International Conference & Expo
Abstract: The terms “global claim” and “total cost claim” (or “total loss claim”) are often used interchangeably and in many instances, a claim that was presented as a global claim is also a total cost claim.However, not every global claim is a total cost claim, and not every total cost claim is a global claim.This paper discusses the commonalities and differences between a global claim and a total cost claim under different scenarios in damage or loss of productivity quantifications and cites authoritative literature and case law.This paper also provides suggestions and caveats regarding the application of the approach of a global claim or a total cost claim when preparing or supporting a construction claim.
TCM Section(s):
6.4. Forensic Performance Assessment
7.1. Project Scope and Execution Strategy Development
Venue: 2023 AACE International Conference & Expo
Abstract: The terms “global claim” and “total cost claim” (or “total loss claim”) are often used interchangeably and in many instances, a claim that was presented as a global claim is also a total cost claim.However, not every global claim is a total cost claim, and not every total cost claim is a global claim.This paper discusses the commonalities and differences between a global claim and a total cost claim under different scenarios in damage or loss of productivity quantifications and cites authoritative literature and case law.This paper also provides suggestions and caveats regarding the application of the approach of a global claim or a total cost claim when preparing or supporting a construction claim.