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Common Ways You Are Overstating Construction Claims

 
Understand the common mistakes leading to the overstatement of construction claims.Cost overruns on construction projects can be a common occurrence. When a contractor (or subcontractor other injured party) prepares a claim seeking payment for those overruns, they may overstate the damages attributable to others by submitting claims that are inconsistent with the project facts, are not supported by the project records, or are based on inappropriate supporting analyses. This topic helps those responsible for developing claims, as well as those responsible for responding to claim requests, to understand common mistakes and to avoid double counts, overstatements, or incorrectly applied cost recovery approaches. The material provides specific examples of common mistakes leading to the overstatement of construction claims.

Faculty

Kimberly R. Reome

Kimberly R. Reome

Kenrich Group LLC

Agenda

Faculty

Kimberly R. Reome

Kimberly R. Reome

Kenrich Group LLC

  • Vice president and secretary in the Chicago office of The Kenrich Group LLC
  • Financial damages litigation consultant, specializing in construction and electric power industries
  • More than 25 years of experience in damages analysis with an emphasis on analysis of increased costs, critical path schedule analysis, productivity and lost profits analysis
  • Provided expert deposition and trial testimony and reports, in civil courts and arbitrations
  • M.B.A. degree, Northwestern University Kellogg Graduate School of Management; Bachelor's degree, in finance, Michigan State University Honors College
  • Certified Fraud Examiner
  • Can be contacted at [email protected]

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