Capital Project Cost Management in the Age of COVID-19 – Getting It Right Upfront

Title: Capital Project Cost Management in the Age of COVID-19 – Getting It Right Upfront
Date: Thursday, June 24, 2021 
Time: 1:00 - 2:00 pm Eastern
Presenter: ACUA & Fort Hill
Speakers: Curt Plyler, Martin Howell

This session identifies steps to effectively define, control and monitor contractor charges on capital construction projects. The discussion addresses various construction contract types and the unique payment terms typically associated with each type. Attendees will learn the multiple phases of a complete construction audit and gain an appreciation of the potential costs savings which can be realized through the implementation of each phase.

Specific phases to be discussed include the pre-construction contract review, interim construction audit(s) and the construction closeout audit. The material will also address the impact from COVID-19 on construction. Special focus will be given to the pre-construction phase as it ultimately defines Owner expectations while establishing the contractual basis on which the follow-on phases are administered.

After attending this webinar, participants will be able to:

1. Analyze the intent of various construction contracts and the inherent need for enhanced management processes to protect the Owner's interests and control costs

2. Review the steps involved with an effective auditing process for work performed under certain construction contract types

3. Determine the supplemental value of a construction contract audit relative to traditional project administrative roles performed by Facilities Management and/or Internal Audit staff.

4. Evaluate construction impacts from COVID-19

Field of Study: Auditing
Location: Virtual
Type of Delivery Method: Group-internet-based
Prerequisite:  None
Advanced Preparation: None
CPE Credit: 1.0 Credits
Cost: None

Presentation Slides 
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