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Construction Project Management: Loss and Expense

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.

Twitter: #RICSAmericas

Session Duration:
60 minutes
Date:
Sat 1 Dec 2018
Time:
12:00 PM - 01:30 PM
Venue:
Online
CPD:
1 hour formal CPD
From
$35

Course overview

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. 

Who Should Attend

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.

Why Attend?

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.

Format

This on-demand video course is a recorded, instructor led program with interactions built in to test your knowledge. * This course will launch on December 1, 2018

About this course

Learning Objectives

By the end of the web class, you will be able to:

  • Determine loss and expense
  • Prepare and deal with a contractor’s loss and expense notice
  • Advise the various parties relating to this subject on their obligations
  • Keep records to assist in loss and expense ascertainment

Content

In this web class, we will cover:

  • Introduction to loss and expense
  • Loss and expense procedures
  • Causes of loss and expense
  • Parties obligations relating to the subject
  • Architect and contract administrator’s obligations regarding determination
  • Content of contractor’s notices
  • Methods and calculating head office overheads
  • Record keeping

Instructor

Sorina du Toit

SDT Cost Management Inc.

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.

Questions

If you're interested in having this course delivered to your company, contact us.

Call +1 (212) 847-7400 or

Email us

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Prices

  • RICS professionals $35
  • Non-RICS professionals $65
  • Visa

  • Mastercard

From
$35