There are various ways of presenting a claim.
What determines the structure of the presentation will be;
➤ The type
➤ The size / volume / value
of the claim.
And, a good presentation will maximise the chances of;
➤ Better explanation of your claim and its details
➤ Reaching an early agreement
➤ Solving the problem
Properly quantifying the claim is vital for the effective claim.
Accurate financial information is essential for proper quantifying.
But, what are the sources of such financial information?
You should consider using a variety of resources for that, such as;
➤ The Contract Provisions
➤ Tender Calculations
➤ Cost Records
➤ Accounting Information
➤ External information
Disruptions are mostly inevitable in Construction Projects.
And, they have considerable effects on the Contractor, such as;
➤ increase in costs
➤ reduction in profit
Submitting the effective claim is a valuable way for recovering these costs and the losses suffered.
“The Construction Sector suffers the most from the late payment issues in comparison with others.” Delayed payment is one of the common diseases in the Construction Industry. Especially nowadays. Issuance of any; ➤ Interim Payment Certificate➤ Final Payment Certificate not always means that you will get paid on time. The Employer may delay the payments. As […]
Subcontractor’s claims are pretty routine in construction projects. If you are a Subcontractor you should know the ways of preparing and submitting the effective claim. To achieve that, you should clearly answer these 3 questions; 1. How will I COMPLY with the “Notice Requirements” ? 2. How will I […]
Two of the common causes of unsuccessful claims are inaccurate records and improper documentation.
They are great barriers to substantiating your claim.
Your RECORDS and DOCUMENTATION should be;
➤ Complete
➤ Well organised
➤ Accurate
➤ Available
➤ Accessible
to establish the grounds of the claim.
“The early identification of disruption and a well-presented disruption claim improve the probability of recovery without a lengthy dispute resolution.” Disruption refers to a scenario in which the Contractor experiences “a loss of productivity”. That “loss of productivity” brings additional costs. Disruption is difficult to establish. Proving the link between the disruptive event and the […]
“Delays are inevitable in most construction projects.” Acceleration is a term that describes the measures taken by the Contractor to speed up the project to achieve completion earlier than planned. In some cases, acceleration becomes a necessity. The Contractor incurs additional costs for speeding up the work and that acceleration leads to claims. Acceleration claims […]
“Well-structured Liquidated Damages Clauses provide certainty and incentivize the performance of the project.” Liquidated Damages Clauses do not require expense of proof for recovering damages in the event of specific breaches defined in the contract, such as late performance. You can compensate damages without; ➤ the need to prove the quantum of actual damages ➤ […]
“Legal and practical consequences of suspension should be considered in-depth before the Notice is given.” Some specified events entitle the Contractor to suspend the Works. Executing the suspension process properly has a significant importance. The process has to be managed correctly, otherwise it causes various problems. It affects whole of the Works and even leads […]
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