Learn what is needed to accurately and persuasively price a price escalation claim.
Delays on construction projects are inevitable. And, as such, so are the damages stemming from those delays. While some of these damages are straightforward calculations, others, such as cost escalation damages, are less so. So, what is a construction contract escalation clause, and how does it apply to your project? Owners will learn where and how their contracts allow recovery for escalation claims, and what the contractor must prove to be entitled to that recovery. This will enable owners to understand what they should pay and what they shouldn't pay. Contractors, CMs, attorneys, and the consultants and accountants that advise them will learn what is needed to accurately and persuasively price a price escalation claim. The focus is on the hard topics - the legitimate escalation damages associated with delay, and the damages often claimed that are not legitimate. Additionally, some case studies will be provided to show exactly how these clauses are interpreted and the damages for escalation calculated.
Agenda
Faculty
Bill Haydt, Esq.
Trauner Consulting Services, Inc.
- Managing Principal, Shareholder at Trauner Consulting Services, Inc.
- Qualified expert in construction scheduling, delay analysis, and damages
- Has drafted various project delivery procurements and contracts for a large agency, including Design-Bid, and CMAR procurements/contracts
- 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.
- Certified and award-winning instructor for Federal Highway Administration’s National Highway Institute courses, including Managing Highway Contract Claims: Analysis and Avoidance, and has provided CPM scheduling services to contractors and owners on a variety of projects, including bridge, highway, educational, and hotel projects.
- Has presented seminars, webinars, and construction claims-related presentations for private firms and public agencies across the country.
- B.A.Degree in Civil Engineering and Architectural Engineering, Drexel University and J.D. degree, Temple University James E. Beasley School of Law
- Can be contacted at [email protected] or 215-814-6400
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