Claim Pricing Pitfalls: Common Mistakes to Avoid when Pricing Construction Claims
DATE: Wednesday, November 14th, 2018
SCHEDULE: 11:15 am Registration & Networking
11:45 am Lunch
12:15pm -1:15pm Program
LOCATION: Byron’s South End
101 W. Worthington Ave., Suite 180
COST: Before Friday, November 9th
Member $30/Guest $40
After November 9th
Member $35/Guest $45
QUESTIONS: Contact Jennifer Wagner, 704-609-4489
Please join the Charlotte CFMA Chapter for the lunch and presentation on Claim Pricing Pitfalls: Common Mistakes to Avoid when Pricing Construction Claims.
Bad weather, differing site conditions, price increases, owner changes, and late deliveries. These are just a few of the reasons why contractors submit claims. As a general contractor or subcontractor, you may be entitled to a claim, but how do you know that the price is right? Even the most competent project management professionals make mistakes in pricing claims. This presentation discusses common ways in which contractors misprice their claims, and provides specific examples based on actual claims reviewed by the presenter. From equipment rates to overhead rates, failed logic to failed math, improper or unreasonable claims can lead to delayed reimbursement and costly disputes. Avoid these issues by applying sound pricing methodologies and review procedures before submitting claims.
Nick Harris, Litigation and Forensic Services Senior Manager at GreerWalker LLP
Ryan Beaver, Partner at Bradley Law Firm
Nick joined GreerWalker in January 2017 as a Senior Manager specializing in forensic accounting and damages valuation including pricing construction claims. Prior to joining GreerWalker, Nick was a Principal in the Chicago office of a national litigation consulting firm. Nick has assisted owners, general contractors, subcontractors, and sureties in valuing claims related to lost profits, loss of business value, cost overruns, defective work, acceleration, delay and disruption. Nick has assisted project owners and developers with reviewing contract change requests and auditing project costs. Throughout the course of a nearly five-year litigation, Nick assisted the owner of an $8.5 billion mixed-used construction project with various aspects of the litigation including valuing claims against the general contractor and certain subcontractors, managing and coordinating the work of thirteen expert witnesses, and assisting counsel with deposition and trial preparation.
Ryan Beaver is a partner in the Construction and Litigation Practice Groups in the firm's Charlotte office. His primary focus is large public and private commercial construction practice disputes. Ryan has extensive experience in representing contractors, subcontractors, and sureties in various state and federal courts, as well as private arbitrations. He also assists clients in drafting and negotiating their construction contracts to meet the client’s specific needs on each project. Ryan has taught numerous seminars and classes regarding subjects such as AIA contracts, delay damages, contract termination, documentation of construction disputes, and pursuing construction claims through the bankruptcy process.
Ryan was recognized in 2010 as a Rising Star by Super Lawyers magazine.
Refunds and Cancellations
Meeting registration must be paid prior to the meeting or at the door. Any cancellation must be made in writing before noon on November 9th, 2018. No-shows and cancellations after November 9th, 2018 at noon will be invoiced.
If you have any questions regarding CFMA, meeting registrations or the cancellation policy, please contact our chapter administrator Jennifer Wagner by phone (704) 609-4489 or by email email@example.com
Please park in the Design Center Parking Deck located at the corner of Hawkins St. and Doggett St. For GPS purposes, please use 240 Doggett St. Charlotte, NC 28203. Bring your ticket inside Byron’s of South End to get your parking ticket validated
**There are available spots across from the building and on the street that are metered spots and cannot be validated.**
GreerWalker LLC will be sponsoring CPE Credit for CFMA this season.
GreerWalker is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.)
Who Should Attend?
CFO, Accounting Personnel, HR Personnel, CPAs working in a training capacity
Advanced Preparations: none
Program Level: Basic
Delivery Method: Group-Live
Recommended CPE credit: 1 Hour (pending approval)
Recommended field of study: (pending approval)