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UID:316-1646899200-1646906400@westerncouncil.org
SUMMARY:Pricing Delay Costs - How Owners Deal with Home Office & Jobsite Overhead Costs
DESCRIPTION:This is one of the few webinars dealing directly with problems related to calculating jobsite overhead delay and extended home office overhead costs.  It offers multiple alternatives\, which owners may employ in their contract documents.  We will discuss: \n\nrecoverability of extended field office overhead costs in the event compensable delay arises on a project.\nvarious methods of specifying this element of delay damages in contracts to avoid disputes later\, should compensable delay occur\nIssues surrounding the recovery of extended or unabsorbed home office overhead\n\nSince 1960\, the Eichleay Formula has been used to price extended and/or unabsorbed home office overhead.  Most in the construction industry treat this formula as an accounting mechanism – seldom understanding this “formula” as an estimating tool\, not an accounting method.  Practical problems concerning Eichleay will be identified\, and alternatives explained. \nParticipants will learn: \n\nissues with pricing of contractor jobsite delay damages\nvarious methods of calculating extended field office overhead costs\nmethods to calculate contractor’s extended or unabsorbed home office overhead costs\nEichleay Formula\, including weaknesses/flaws from accountant/auditor\, contractor\, owner perspectives\nalternatives to the Eichleay Formula\n\nInstructor: James G. Zack\, Jr. is Principal of James Zack Consulting\, LLC\, a construction claims consultancy dedicated to helping Owners and Contractors complete projects in the field\, not arbitration or court.   He is a recognized\, published expert in mitigation\, analysis\, and resolution or defense of construction claims and disputes.  In his 49-year career\, he has been involved in public and private projects throughout the U.S. and 39 countries\, working with Owners and Contractors on 5\,000+ claims. \nRegister a team of 3 or more from your organization and save $15 each! \nSee Flyer for complete details and registration information. \nRSVP and you will be sent a link to pay for your registration.
URL:https://westerncouncil.org/event/pricing-delay-costs-how-owners-deal-with-home-office-jobsite-overhead-costs/
CATEGORIES:Webinar
ATTACH;FMTTYPE=image/png:https://westerncouncil.org/wp-content/uploads/2021/11/CLAIMS-series-webinar.png
ORGANIZER;CN="Valerie Largin":MAILTO:vann@wccc.org
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