Evaluating and Quantifying Inefficiency in Construction is brought to you by Lorman
Learn how to prepare and properly evaluate and quantify inefficiency.
With the new infrastructure bill, the amount of construction across the country is about to explode. More funding means more projects. But it also means potentially more claims that contractors need to be prepared to submit, and owners need to be prepared to review. Having a fundamental understanding of one of the key damages in many large infrastructure claims, inefficiency, will help you and your teams be prepared for dealing with this explosion in construction work. All too often, contractors misunderstand what is required to demonstrate their inefficiency claims. On the flip side, owners are often ill-prepared to properly evaluate an inefficiency claim when it is submitted on their projects. This course will instruct you on how to prepare and properly evaluate and quantify inefficiency. The material will make sure you recognize key differences in productivity versus inefficiency, detail how these issues are measured, and demonstrate the most accurate ways of quantifying inefficiency damages. It will also prepare both contractors and owners for inefficiency claims with some real-life legal considerations that help illustrate the issues in inefficiency claims.
- You will be able to define the basic differences between productivity and inefficiency.
- You will be able to identify the three parts of every claim that need to be evaluated.
- You will be able to describe the common methods for evaluating inefficiency.
- You will be able to discuss the measured mile approach.