Learn about the recoverability of extended field office overhead costs in the event a compensable delay arises on a project General Contractors and subcontractors will gain information on the various accepted methods of calculating this element of delay damagesOwners will be exposed to various methods of specifying this element of delay damages in contracts to avoid disputes later should a compensable delay occurOwners and contractors will receive information on what costs should be deducted from this element of delay damages prior to submission of costs in a claim Owners will gain insight into the issue of the contractor’s obligation to mitigate damages in the event of owner caused delayAreas Covered In this webinar attendees will learn about the recoverability of extended field office overhead costs, including what field office overhead is and the typical elements of this cost.Attendees will be exposed to the basics of calculating extended field office overhead costsThe program will discuss the various cost methods for calculating extended field office overheadThe program will explore different methods of calculating extended field office overhead costs The program will discuss how the jury verdict method may be used to make this delay damage calculationAttendees will learn how stipulated contract methods concerning field office overhead may be employed The program will identify what costs must be deducted from the submission of field office overhead costs by the contractorThe contractor’s obligation to mitigate damages will also be discussedWho Should AttendOwner and Contractor Project ManagersResident Engineers or ArchitectsAgency Construction ManagersConstruction Managers @ Risk Design ManagersLegal Counsel representing owners or contractors.Why Should You AttendAfter attending this webinar attendees will Have a better understanding of the issues concerning the pricing of contractor delay damagesGain knowledge about the various methods of calculating extended field office overhead costsLearn some contractual methods for predetermining this element of delay costs to prevent the need for end of the job audits or disputes over such costsTopic Background When contractors encounter owner caused (excusable/compensable) delay, they are typically entitled under the contract to recover both the time resulting from the delay as well as delay damages. Idled equipment/labor and material escalation costs are easily calculated in such situations. Typically, contractors also seek to recover their delay costs (extended field office overhead, general conditions, or jobsite overhead costs) also. Calculating this cost is more complex than dealing with delayed direct costs. There are, at least, eight methods of calculating extended field office overhead costs. None of the calculations arrive at the same daily delay cost. This webinar discusses all eight methods – offering commentary on the strong and weak points of each. The paper also offers recommendations on how project owners can resolve this dilemma in advance of delays, thus making the issue less contentious should a contractor encounter an owner caused delay.