Capital Project Cost Control Strategies:
Cost Forecasting and Contingency Management

Carren Gallick and William Kerns, The Duggan Rhodes Group

This podcast identifies effective strategies that building owners and general contractors can enable to more effectively manage the use of contingency, and cost forecasting. The speakers address some of the basics for forecasting project costs, best practices, as well as a discussion on benefits to both parties to run projects more efficiently and profitably. The discussion also covers best practices to ensure transparency for both owners and contractors to avoid misuse of contingency.

About the Speakers

Carren A. Gallick, CCC is a Senior Project Consultant and Damages Specialist with The Duggan Rhodes Group. She specializes in construction cost consulting, claim analysis and preparation, and damage assessment and quantification associated with construction delays, disruptions and lost productivity. She graduated Magna Cum Laude with a Bachelor of Science degree in Business Administration with a concentration in Accounting from Duquesne University and is a Certified Cost Consultant. 

William Kerns is a Director and Expert Witness with The Duggan Rhodes Group and specializes in the calculation of delay and disruption related damages, construction cost accounting systems consulting and construction financial reporting consulting.  He has 25 years of experience in the construction industry and in his tenure has served as CFO to several specialty construction companies. William is a Certified Construction Industry Financial Professional and holds a Bachelor of Science degree in Industrial Management from Carnegie Mellon University and a Master of Science Degree in Public Policy and Management, also from Carnegie Mellon University.

About The Duggan Rhodes Group

The Duggan Rhodes Group is a boutique construction consulting firm providing claims consulting services, dispute resolution and expert testimony services, CPM scheduling services, project control / risk management services and 3D / 4D modeling services to a wide variety of construction clientele and on a variety of projects. For more information, please visit www.dugganrhodes.com.