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Calculating the Cost of a Change

 

You need a lot more than a calculator to determine and forecast change costs in construction.

Changes on construction costs are inevitable. That means that often-difficult negotiations of the appropriate price for the change are also inevitable. The objective of this topic is to help systematically strip away the mystery, the magic, the misconceptions, and the uncertainty surrounding the pricing of changes. Contractors will learn what they must include to be made whole. Owners will learn both what they should pay and what they shouldn't pay. CMs, attorneys, and the consultants and accountants that advise them will learn what is needed to accurately and persuasively price a change. The focus is on the hard topics - the legitimate damages associated with delay, the real costs of inefficiency, and the balancing concerns when pricing acceleration. Review the sometimes controversial areas of unabsorbed home office overhead, interest, and consequential damages.

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Calculating the Cost of a Change

Agenda

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Calculating the Cost of a Change

Faculty

Bill Haydt, Esq.

Bill Haydt, Esq.

Trauner Consulting Services, Inc.

  • Director at Trauner Consulting Services, Inc.
  • Expertise lies in the areas of construction claims preparation and evaluation, development and review of critical path method (CPM) schedules, delay analysis, training, and dispute resolution
  • Provided CPM scheduling services to contractors and owners on a variety of projects, including bridge, highway, educational, and hotel projects
  • Presented seminars, webinars, and construction claims related presentations for private firms and public agencies across the country
  • Member of the Pennsylvania Bar
  • J.D. degree, Temple University, James E. Beasley School of Law; B.A. degree in civil engineering and architectural engineering, Drexel University
  • Can be contacted at [email protected] or 215-814-6400
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Calculating the Cost of a Change

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