Recovering Overhead Costs In Delay Claims: “Maximizing Overhead Recovery”
Introduction In construction projects, delays are common and can have significant monetary duties for all parties involved. When delays arise, contractors often experience not only direct costs but also indirect costs, which are commonly referred to as overhead costs. These costs include project management, administrative support, equipment maintenance, and other business expenses that are necessary […]
BEST PRACTICES FOR RECORDING HINDRANCES: BUILDING A BULLETPROOF RECORD OF DELAYS
Introduction: Managing delays in construction projects is an unavoidable reality that often leads to financial losses, disputes, and project invades. However, the procedure of handling timely delays may affect the outcomes of the project. A comprehensive and bulletproof record of delays serves not only as a protective mechanism for contractors, project managers, and owners but […]
