This session will go over methods of how to identify a failing construction project and how to establish recovery methods, while addressing cash flow concerns; i.e., how to fix a flat project with available tools.
Implementation of contractual tools from the project; i.e. the Schedule of Values and Schedule which can enable forecasting profit/loss
Notification of the Owner and Design Professional of project issues that prevent planned progress and profitability
Timing considerations for exploring options for recovery and methods of maximizing company resources
Partnering considerations and how to evaluate and enact them to reduce losses and ensure project recovery