BVR's Online Symposium on Litigation and Economic Damages: Part 7 Lost Profits for Construction Claims
Date: Tuesday, February 7, 2012
Time: 10:00am-11:40am PT / 1:00pm-2:40pm ET Format: A BVR Webinar
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Given the complexity of purpose, planning, and execution, it should be no surprise that claims alleging adverse actions result in unwarranted costs, lost profits, or other economic damages are not uncommon in the construction industry. Yet with all valuation challenges involving construction companies knowing how to properly assess the economic impact of these actions can be tricky at best.
In Part 7 of BVR's Online Symposium on Litigation and Economic Damages attorney George Burns discusses what these alleged actions include, how their economic impact is assessed, and what every appraiser should know before accepting such a challenging valuation assignment.
Agenda
Introduction: definition & presentation of construction claims
Claim pricing methodologies
Total cost method
Modified total cost
Actual cost method
Jury verdict method
Claims for delay
What is delay?
Determining responsibility for delays: the project schedule
Pricing the impact of delays
Disruption
What is disruption?
Pricing the impact of disruption
Acceleration
What is acceleration?
Pricing the impact of acceleration
Typical causes of construction claims
Extra work
Defective specifications
Differing site conditions
Cardinal changes
Defective work
Termination
Summary & conclusion
Learning Objectives
Learn why economic damages claims are made in construction projects and how these claims arise
Understand which methods are used for assessing these claims and why
Learn what distribution and acceleration are in construction claims and what they mean for the assessment of lost profits claims
Clarify the appraisers role in construction claims and their determination
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Prerequisites: Knowledge of Business Valuation Program Level: Advanced Preparation Required: None Delivery Method: Group Internet-Based Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)
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In the 2011 edition Nancy Fannon, ASA, MCBA, CPA, ABV brings together the comprehensive body of knowledge on lost profits damages and delivers the definitive resource for financial experts and attorneys alike. Fannon and other leading experts provide thorough analysis of current case law and valuation methodology related to the calculation of damages.
The online version of the Guide provides 24/7 access from any Internet connection and the advantage of real time updates such as recently published court opinions, new articles by the author and other top professionals, conference presentations, podcasts, news and blog feeds, and much more! Plus, the online Guide is available in digital format and can be loaded onto any eBook reader.
Unjust Enrichment Tuesday, September 10, 2013 More information to come
Lost Profits in Early Stage Companies Tuesday, October 1, 2013 More information to come
Calculating Damages for Insured Claims Tuesday, November 5, 2013 More information to come
Forensics in Lost Profits Cases Tuesday, December 3, 2013 More information to come
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