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 Containing costs is on everyone's agenda in this recession - but do you know where you can find cost reduction opportunities?
If you’re a facility owner/operator, owner representative, or CM, you won’t want to miss this 1-hour executive webinar, led by Mr. Bill Kerns of the Duggan Rhodes Group. Mr. Kerns shared his insights into the strategies that owners are adopting to stop misuse and mismanagement of funds, including poor cost controls, change order management, and contingency misuse during construction.
Mr. Kerns also discussed strategies to reduce or eliminate exposure to claims that raise costs even further, including some of the most common exposure risks related to contingency mismanagement, and the best practices owners have adopted to not only gain tighter control over project costs, but also minimize losses associated with litigation (disputed change orders, cost impact from unforeseen conditions claims, more).
Key takeaways include:
- Understanding and avoiding improper uses of contingency
- Improper/proper uses of allowance items
- Improper/proper ways to request changes on a GMP project
- Understanding contractor costs so you don’t overpay (e.g., extended general conditions)
- Enabling a disciplined change order process
- Understanding audit clauses and how they can protect you
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