Meeting Summary |
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Date: |
Thursday, May 12th, 2022 |
Time: |
6:30 p.m. Virtual Networking 6:45 p.m. Business Mtg/Announcements 7:00 p.m. Technical Presentation |
Please
Note: This is a Live Webinar Technical
Presentation |
|
Location: |
MS Teams Virtual Meeting |
Program: |
Early Completion Schedule Contingency Ownership
Considerations |
Speaker: |
Michelle L. McMillan, P.Eng. Director – Driver Trett Canada |
RSVP/Questions: |
[Click here] to e-mail. |
Technical Program:
Early Completion Schedule
Contingency Ownership Considerations
Abstract: This paper was initiated by a
situation encountered on a large institutional project. The owner stipulated a
finish on or before contractual completion date. To gain a competitive cost
advantage, during the bidding process, the contractor planned their work to be
completed three (3) months early. However, there was no mechanism in the
bidding process, such as the requirement for a bid schedule, to identify this
condition. As work started the contractor’s schedules were compliant with the
contract requirements and consistently showed a construction completion date
three (3) months earlier than the contractual “Finish No Later Than” completion
date. Late in the project, the owner issued changes which required the
contractor to be on site after their anticipated construction completion date,
but still prior to the final contractual completion date. The contractor put
forward a request for additional compensation for the additional time on site, the
period between their planned completion and their extended actual completion
date.
This presentation reviews the issues
raised by this situation including ownership of project float, ownership of
earned contingency, and contract risk allocation. The paper also investigates
the current recommended practices, legal remedies, and provides some
alternative contracting solutions to deal with similar issues on future
projects.
Speaker: Michelle L. McMillan, P. Eng.
Michelle
has been qualified as a testifying expert for construction claims. Michelle has
also functioned as a third party neutral, expert evaluator in construction
disputes and assisted in the evaluation and completion of troubled
projects. Michelle is a faculty member
of the Project Management Certificate program at the University of Calgary,
specializing in teaching project controls, claims avoidance, and claims
quantification, including delay analysis.
RSVPs must be received
on or before 5pm on Wednesday, 11-May-2022. Your friends and
colleagues are always welcome; membership in AACE is not required. In the event
that you must cancel your reservation, please inform us at least 24 hours
before the meeting.
Click here to RSVP before end of business day Wednesday, 05/11/2022.
Please register by
Wednesday 05/11/2022, and an invitation including the Webinar link will be
e-mailed to you. For AACE members who
hold professional certifications, Webinar attendance counts toward renewal
points as long as online attendance for the entire presentation is verified.