Practical Problems with pricing Delay Using Eichleay
Website http://bit.ly/2n4hUTc |
Category construction attorney, construction contract disputes, construction dispute resolution consultants, dispute resolution construction, eichleay formula
Deadline: April 11, 2017 | Date: April 11, 2017
Venue/Country: New Hyde Park, U.S.A
Updated: 2017-03-13 14:01:18 (GMT+9)
Call For Papers - CFPOverview:Since 1960 the Eichleay Formula has been used to price extended and/or unabsorbed home office overhead. Most in the construction industry treat the Eichleay Formula as an accounting mechanism – seldom understanding that the Armed Services Board of Contract Appeals created this “formula” as an estimating tool, not an accounting method. There are some practical problems with the Eichleay Formula. From the accounting perspective there are several major flaws built into the formula. From the project owner’s perspective, there is a risk of overcompensation unless certain contractual defenses are employed. And, from the contractor’s perspective, there are issues with the applicability and the use of the formula. This webinar examines the traditional Eichleay Formula from all three viewpoints to identify the problems and offer some recommendations on how to alleviate them.Why Should You Attend:The session will provide attendees with a better understanding of the Eichleay Formula including its weaknesses and flaws from the perspectives of the accountant/auditor, the contractor and the owner. The session offers attendees 19 different alternatives to the Eichleay Formula which may be employed through incorporation in the contract documents prior to bidding.Areas Covered in this Webinar:The elements of Home Office Overhead (HOOH)How HOOH is typically recoveredWhat is the Eichleay FormulaHow the Eichleay Formula operatesHistory of the formulaPotential problems with using the Eichleay Formula to price delay from the viewpoint of the accountant/auditor, the owner and the contractorPotential remedies includingSome ways to prohibit recoveryWays to change the rules concerning HOOH recoveryCreation of a mid-course HOOH recovery methodBid daily delay costLearning Objectives:Present and explain the problems associated with the use of the Eichleay Formula. Examine these problems from the perspective of both the owner and the contractor.Offer multiple alternatives concerning the pricing of home office overhead that owners may employ in their contract documents.Who Will Benefit:Project owners about to embark on a new projectLegal counsel for owners looking for alternatives to the Eichleay FormulaDesign professionals involved in preparation of bidding documentsConstruction managers involved in the preparation and administration of contract documentsContractorsSpeaker Profile:David W. Halligan, Ph.D., P.E.Dr. Halligan is an Associate Director in the Global Construction Practice of Navigant Consulting Inc. Dr. Halligan has twenty-two years of experience providing clients with schedule delay analyses, construction management, project controls, and claims resolution assistance on a wide variety of heavy civil and facilities projects. He has supported clients with schedule and cost control, cost audits, change order management, and in resolving disputes related to delay and loss of efficiency claims. Dr. Halligan has also conducted management procedures compliance audits on several large civil engineering infrastructure programs and has testified in Federal and State Courts as an expert in construction delay. He has performed schedule and labor productivity analyses on a number of diverse and significant assignments, including tunneling, underground pipe installation, transportation projects, residential projects, commercial projects, water and wastewater treatment facilities, pipelines, military and high-tech facilities, correctional facilities, dams, and high rise office buildings.
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