Analyzing & Monetizing Construction Claims: Construction Claim Analysis 101

Introduction

PFCS President, Pete Fowler, presented the first webinar of 2017 on January 12 at 10 a.m.

“Analyzing & Monetizing Construction Claims: Construction Analysis 101” is a free webinar that delves into the basics of what we do here at PFCS. This program covers a variety of subjects and could go by many titles:

  • Building Performance Analysis and Budgeting 101
  • Analyzing and Monetizing Construction Defects
  • How Building Owners and Managers Should Decide What Needs Fixin’... and More Important, What Doesn’t
  • Level 1 Analysis
  • Making Smart, Budgeting-Conscious Decisions About Construction

Pete Fowler has been a professional cost estimator for more than 20 years and through this webinar, he will follow up on one of our previous webinars about Building Performance Analysis by discussing how is related to the budgeting process.

Virtually all construction or property-related decisions should be made with costs in mind, but some people are afraid of math. We can help.

Whether you are a lawyer, insurance professional, property owner or manager, you need to be able to focus on the “vital few” issues and ignore the “trivial many.” That means knowing how much things cost; Not to the penny, but rather a reasonable approximation.

The best place to start when working to make smart economic decisions is on the big, expensive issues. You begin by chopping a project into logical parts and estimating the cost of those chunks so you can see both the big and small pictures. The earlier in the process you accomplish this, the better!

Learning Objectives

  • Why decision making about buildings needs to include performance analysis and cost analysis.
  • How to do a “Level 1” performance and cost analysis so you know the big picture early in the process.
  • Review case studies and real world examples of projects related to analysis and monetization of construction claims.

Program Outline

  1. Introduction
  2. A Sensible List
  3. Evaluating & Prioritizing
  4. Analyzing Construction Defects
  5. Budgeting Construction
  6. Roles & Responsibilities
  7. Conclusion

This program is approved for one hour of CLE for attorneys in California and Nevada, pending in Oregon, and pending for insurance adjusters registered with the California and Texas Departments of Insurance.