Description
Gain an understanding of the concepts, challenges, and potential risks of fasttrack construction.
Inherent in all construction projects are the uncertainties that may cause cost overruns and extended time of performance. To manage these risks the parties, need to identify the potential risks that may be encountered assign responsibility for managing or minimizing the risk (among contracting parties or shift to a 3rd party) and implement a plan to avoid or minimize the potential impact of such risks. These steps start with the selection of the proper project delivery system and a clear delineation of responsibilities for the owner, designer, and contracting parties. When disputes arise, the successful defense resolution of a claim is dependent upon the level of information that can be gleaned from the project record and the manner in which this information is presented so as to clearly and concisely articulate, to both a trier of fact and the opposing party, the basis for the position offered. Drawing upon the knowledge and experience gained over the years on prior assignments and having seen the issues from both sides of the table, this topic will discuss lessons that have been learned on prior assignments and best practices that should be considered to ensure project success.
Date: 2023-09-29 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to explain how the time from inception to delivery of a project can be accelerated through the employment of alternative project delivery systems and proper planning and communication.
* You will be able to identify the selection of the proper project delivery system and a clear delineation of responsibilities for the owner, designer and contracting parties.
* You will be able to recognize steps that should be considered to manage and timely resolve change orders and disputes in an effort to minimize the likelihood of claims that can negatively impact the overall project.
* You will be able to review best practices that should be considered to ensure project success.