Rework in the construction industry is frequent and well known. It is a drain on construction productivity, profitability, and the 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 several practical methods that can be employed by owners and contractors to substantially reduce both the cost and time impact of rework.This webinar will well be the first time attendees have ever been exposed to the multiple causes of rework on construction projects. Rework on construction projects is common but rarely discussed. Rework has both cost and schedule implications. This webinar, based on a number of studies, estimates the cost and schedule impact of rework on projects and offers some practical recommendations to avoid rework.Areas CoveredLearn the typical causes of reworkGain an understanding of the cost and time impacts of rework on construction projectsBe provided with a model for predicting rework on new or future projectsGain information on several practical ways to reduce the amount of rework on future projectsCourse Level - Intermediate to AdvancedWho Should AttendOwner & Contractor Project ManagersResident Engineers or ArchitectsAgency Construction ManagersConstruction Managers @ RiskDesign ManagersLegal Counsel Representing Owners or ContractorsWhy Should You AttendThis webinar identifies the reported cost of rework on construction projects as identified by many studiesThe webinar also estimates the true cost of reworkAdditionally, the webinar provides an estimate of the average amount of delay caused by rework on a typical construction projectThe webinar provides an estimate of the delay cost arising from reworkIn this webinar, you will be shown a model that allows you to estimate the cost of rework on future projectsFinally, the webinar provides several practical recommendations intended to reduce the amount of rework on future projects