Recognize instances of loss and expense and learn the most efficient means of executing procedures relevant for parties involved. Understand how to best advise clients throughout the cycle of your construction projects.
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It is important to understand what constitutes loss and expense, how to calculate the value, and what records should be kept throughout the project life cycle to assist in the claims process.
Loss and expense should be clearly defined in the construction contract and determines criteria for restitution paid to contractors in order to rebalance cash position prior to instances of breach of contract. In this class, you will learn when loss and expense claims should be paid and at what corresponding value.
Professionals across specific markets who want to gain an understanding of what is a valid loss and expense claim, how to calculate the cost of such claims, and know which records to keep throughout the project lifecycle in order to assist with such claims. Specific markets include commercial construction management, quantity surveying (main contractor and client-end), cost estimation, project management, contract administration, architecture and facility management.
You will gain an understanding of what constitutes a valid loss and expense claim, how to calculate the cost of such claims, and which records to keep throughout the project lifecycle in order to assist with such claims.
This class will be delivered using PowerPoint slides with discussions and activities integrated throughout to embed your learning. The class will end with an open Q&A session with your instructor.
By the end of the web class, you will be able to:
In this web class, we will cover:
Sorina is a versatile and accomplished Project Controls specialist with 20 years’ global experience, and a track record of proven success in planning, developing and maintaining budgets, contract management and procurement. She is equally experienced in multi-million dollar and smaller scale projects, achieving excellence in all aspects of management and reporting while maintaining the highest level of standards.
Sorina obtained her degree at the University of Pretoria in South Africa after which she proceeded to work in Ireland and the UK on infrastructure and retail projects. She obtained her RICS membership as a Chartered Quantity Surveyor while working in the UK. Upon relocation to South Africa, she entered the mining industry, working in estimating and contract management. Sorina relocated to Canada where she has been involved in projects locally and globally in the mining, office, clean energy, transmission and distribution, bio-chemical and thermal sectors.