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Time And Cost Impact Of Rework On Construction Projects
- This webinar will identify the reported cost of rework on construction as identified by a large number of studies.
- The webinar will also reveal the true cost of rework.
- Additionally, the webinar also provides an estimate of the average amount of delay caused by rework on the typical construction project.
- The webinar also provides an estimate of the delay cost arising from rework.
- In this webinar, attendees will be shown a model which allows you to estimate the cost of rework on future projects.
- Finally, the webinar provides a number of practical recommendations intended to reduce the amount of rework on future projects.
Overview of the webinar
Rework in the construction industry is frequent and well known. It is a drain on productivity, profitability, and timeliness of project delivery for both contractors and owners. Additionally, the need for rework can have spinoff or downstream impacts for all project stakeholders. The causes of rework are, likewise, very well known: design and construction changes; errors and omissions; project enhancements; operability changes; fabrication changes and errors, etc. While rework is common, the impact has not been thoroughly assessed, studied or discussed. This webinar assesses and identifies the typical cost of rework on a wide range of project types. It shows how the cost of rework is frequently understated and provides an estimate of the true “average cost” of rework. The webinar also identifies the average impact of rework on project duration in terms of time as well as unrecoverable extended overheads and the cost of liquidated damages. Finally, the webinar identifies a number of practical methods that can be employed by owners and contractors to substantially reduce both the cost and time impact of rework.
Who should attend?
- Contractor Project Managers
- Project Sponsors
- Cost Estimators
- Project Control Personnel.
- Construction Managers
- Design Professionals Performing Services During Construction.
- Project Owners
- Owner Representatives.
Why should you attend?
- Learn the typical causes of rework.
- Gain an understanding of the cost and time impacts of rework on construction projects.
- Be provided with a model for predicting rework on new or future projects.
- Gain information on a number of practical ways to reduce the amount of rework on future projects.
Faculty - Mr.James G. Zack
Jim is the Senior Advisor, Ankura Construction Forum™. The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Jim was eh founder and Executive Director of the Navigant Construction Forum™. Formerly he was the Executive Director, Corporate Claims Management Group, Fluor Corporation, one of the world’s largest EPCM contractors. Mr. Zack was previously Vice President of PinnacleOne and the Executive Director of the PinnacleOne Institute and a Senior Construction Claims Consultant for CH2M HILL, Inc. Mr. Zack has, for 47 years, worked on both private and public projects throughout the U.S. and in 28 countries abroad. Mr. Zack is a Fellow of AACE International, the Royal Institution of Chartered Surveyors, and the Guild of Project Controls. In the construction claims field, he is a recognized and published expert in mitigation, analysis and resolution or defense of construction claims and disputes. Mr. Zack is a Certified Construction Manager (CCM), a Certified Forensic Claims Consultant (CFCC) and a Project Management Professional (PMP). Mr. Zack is an internationally recognized author and speaker in the construction claims and disputes arena.