(PRWEB) July 26, 2012
Washington, DC (Vocus) July 26, 2012 –WPL Publishing soon will kick off a trio of webinars to help construction professionals understand and address some issues involving project delays.
Construction delays can be caused by numerous parties or forces, and they inevitably lead to disputes and lawsuits. Delays can kill a project if not successfully resolved. The webinars are designed to help protect attendees’ projects from the pitfalls of delays. To register for the events, each of which will last 90 minutes, visit http://tinyurl.com/cvfqnnv.
Here is a summary of each webinar:
- “Practical Problems with Pricing Delay Using Eichleay,” August 8, 2012 -- This webinar will address the recovery of home office overhead (HOOH) and use of the Eichleay Formula, which is as controversial today as it was when it was first created more than a half century ago. Navigant Consulting Inc. Associate Director David Halligan and Navigant Construction Forum Executive Director James Zack will examine problems associated with using the Eichleay Formula as a method of calculating extended/unabsorbed HOOH from the viewpoint of accountants/auditors, owners, and contractors. The speakers also will discuss practical remedies to keep all parties out of court or arbitration.
- “Pricing Contractor Delay Costs,” August 22, 2012 -- When contractors encounter owner-caused (excusable/compensable) delay, they are typically entitled under the contract to recover both the time resulting from the delay and delay damages. Typically, contractors seek to recover their delay costs -- extended field office overhead or general conditions costs. Calculating this cost is more complex than dealing with direct delay costs. There are at least eight methods for calculating extended field office overhead costs, and none of the calculations arrives at the same daily cost. The webinar reviews all eight methods, offering commentary on the strong and weak points of each. In addition, the webinar will offer recommendations about 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. Addressing attendees will be Navigant Consulting Managing Director Peter Badala and Mr. Zack.
- “Two Comprehensive Approaches for Measuring Delay,” August 23, 2012 -- Construction delays and the resulting project impacts (financial or otherwise) can sink a project if not resolved in a timely fashion. The industry continues to coalesce around a couple of methods for measuring delay. The time-impact-analysis approach seems to be the only approach used to measure delays that have yet to occur, sometimes called prospective delays. Though less dominant, the industry apparently is moving toward relying on contemporaneous project schedules as a basis for measuring delays that have already happened. These two approaches, though identified separately in the literature, are entirely compatible and, when combined, provide a comprehensive, project-schedule-based approach for quantifying delays. Attendees of this session will learn how and when to use each type of delay analysis. Event speakers J. Scott Lowe and Bill Milliken of Trauner Consulting Services Inc. will review and discuss contract language supporting these methods.
At the end of each webinar, there will be an interactive 10-to-15 minute question-and-answer session addressing relevant topics.
Webinar tuition is based on location, not number of participants, so each registration site can have multiple participants for one low price. To register, visit http://tinyurl.com/cvfqnnv.
WPL Publishing Co., Inc. provides expert training, education, and development resources for the construction industry via live webinars and its ConstructionPro Network website (http://www.ConstructionProNet.com). Through ConstructionPro Network, WPL publishes the independent newsletter ConstructionPro Week, providing news, analysis, and insightful commentary about recent developments involving construction law, green buildings, building information modeling, and various construction managerial technologies and techniques.