Managing Construction Costs

• Overview
• Agenda
• Faculty
• Credits

Rising construction costs are a fact of life. Budget overruns are frequent occurrences. When costs rise, someone pays - how can you avoid being the one who pays? A savvy construction business person can take many steps along the way to apportion the risks of construction in a way to ensure that his or her company avoids getting stuck with the bill for escalating costs. Some of the most important tools at your disposal come into play before construction begins, and some come into play during construction requiring significant vigilance and the employment of defensive solutions along the way. This teleconference will help you understand some of the decision points during a typical construction project at which you can influence your company's risk allocation and influence who pays when construction costs rise. This teleconference will explain important methods for limiting your risk during all phases of design, pre-construction, during construction and post-construction during a claims process.

Learning Objectives

• You will be able to analyze main reasons costs escalate and how you can control them.
• You will be able to categorize best ways to allocate risk.
• You will be able to compose project documentation and contract use.
• You will be able to discuss allocating increased costs after a project.

Faculty

Joseph Hoag, P.E., Trauner Consulting Services, Inc.

Registration

To register for this live audio conference please dial 1-866-411-6211.