Controlling Construction Costs

In this two-day course, attendees will apply proven techniques to case studies and learn how to ask the right questions and tackle technical matters. By following the skills learned in Controlling Construction Costs, participants can direct and regulate many aspects of construction activity to ensure that their companies get what they contracted and paid for.

Controlling Construction Costs helps you understand the nature of change orders and contractor claims, and provides approaches to controlling them. It shows how to impact construction costs through building control considerations into bid documents and contract language.

This course is for project management and auditors involved in any aspect of controlling construction costs.

You Will Learn:

• Prevent and detect construction overcharges
• Administer construction contracts more effectively
• Plan your construction contract strategy to complement your control system to receive the most value for your construction dollar
• Strengthen controls to reduce opportunity for fraud, conflicts of interest and kickbacks.

Topics Covered:

• Cost control objectives in project planning, document development, bid/contract awards through construction and contract closeout.
• Multi-step approach to effectively control construction costs
• Cost control roles and responsibilities
• Preventing and/or detecting typical overcharges in lump sum and cost plus contracts
• Bid document format and language
• General contract provisions to enhance cost controls
• Special considerations for time and material and unit price contracts
• Using computer database applications as part of the operational control system for cost plus and time and material contracts
• Cost control considerations with change orders to lump sum or guaranteed maximum contracts
• Special cost control considerations with contractor “claims”