55. What Companies Should do differently to Successfully Manage Claims & Change Orders

Track: 
CFO - Construction
Field of Study: 
Accounting
CPE Credit: 
1.0
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Attendees should have a basic understanding of A&A, Tax and Industry Issues

Friday, December 7, 2018
 
4:15pm-5:05pm

Companies need to be proactive when it comes to managing they myriad of change orders and claims that are associated with any construction delivery cycle. All stakeholders must understand how complicated it can be to deliver a major, capital-intensive project. Even the best EPC contractors have struggled to successfully meet deadlines and avoid cost overruns. Using illustrative war story case studies, you will be best equipped to understand and manage change orders and claims: ? Major unplanned events that can impede your success and cause claims ? Applying new revenue recognition standards for construction claims ? Claims strategies, including liability, causation and damage assessments ? Technical & financial issues, such as scheduling and delay analysis, loss of productivity, acceleration and out of sequence work entitlement ? Investigative audits and forensic reviews of discovery documents ? Does hiring an expert guarantee successfully recovery?
Learning Objectives:
1) Understand new revenue recognition standards for construction claims revenue recognition.
2) Understand types of technical guidance that will impact financial merit recognition.


SESSION SPEAKER(S)

CPA
Managing Partner, Deloitte
CPA
Retired EVP and CFO, Lucki Advisors LLP