"This was an excellent webinar, very excellently presented."

INSTRUCTOR: Bill Haydt

Purpose and Background

Owners, contractors, construction managers, and design consultants can all see significant cost increases from delayed project completion. In some cases, these costs are straight forward, easily recognized, and easily calculated; however, these costs can sometimes be complicated to determine. The objective of this webinar is to give participants the tools they need to determine the true costs of delays for a construction project.

Primary Discussion Topics

This webinar will focus on the determining the cost of delays on construction projects. Basic concepts will be introduced with case studies and real examples used to allow attendees to see how these concepts are actually put to practice. The following topics will be covered:

• Brief orientation to help participants identify delays for which the costs are compensable to the contractor, owner, design consultant, subcontractor, or other party to the construction project
• Calculating the labor costs due to delay, including idle labor costs and labor cost escalation
• Calculating the equipment costs due to delay, including idle equipment costs
• Calculating the material costs due to delay, including material cost escalation
• Calculating the field office overhead costs due to delay
• Calculating unabsorbed home office overhead costs due to delay
• Documentation and presentation of costs

Learning Outcomes

The following learning outcomes have been established for webinar participants:

• Learn to identify potential sources of delay
• Know how to determine when a delay is compensable
• Develop skills to calculate the labor, equipment, and material costs due to delay, including labor and material cost escalation
• Learn to calculate the field office overhead costs due to delay
• Know how to calculate home office overhead costs due to a delay
• Learn to determine appropriate mark ups for overhead and profit, when appropriate

Webinar Benefits

At the end of this webinar, participants will be able to identify compensable delays. They will know what documentation is needed to obtain the data needed to calculate delays costs and how to present their calculations in a persuasive way.

Intended Audience

• Engineers involved with the construction of buildings, roads, bridges, industrial facilities, stadiums, dams, hospitals, marine facilities, and other parts of the built environment
• Architects
• Construction Managers and Program and Project Managers
• Building Officials
• Construction general contractor and subcontractor senior managers, project managers, and project engineers
• Legal counsel working in the field of construction

Webinar Outline

• Brief orientation focused on helping participants determine which delays are compensable
• Calculating the labor costs due to delay, including idle labor costs and labor cost escalation
• Calculating the equipment costs due to delay, including idle equipment costs
• Calculating the material costs due to delay, including material cost escalation
• Calculating the field office overhead costs due to delay
• Calculating unabsorbed home office overhead costs due to delay
• Documentation and presentation of delay costs