3 Tips for Successfully Managing Construction Claims
Construction claims are a harsh but almost unavoidable part of being a contractor. Whether it’s accusations about workmanship, problems with the materials, time or cost overruns – even disagreements with other contractors over issues such as pay – chances are, you’ll have to deal with a claim sooner or later.
However, there are some things you can do to make dealing with a construction claim a bit less of a headache.
3 Tips for Managing Construction Claims
- Determine what’s legit, and what isn’t. First things first, you should review all the facts of the claim and figure out what, if anything, is grounded. Do various times and places not line up? Are other facts inconsistent? If parts of the claim seem off, you might have something dubious on your hands. On the other hand, if you look over any and all complaints and find out that most of them have merit, you’ll need to get serious about actually dealing with and resolving the claim.
- Work to resolve the claim. Let’s say the project you oversaw did suffer a number of delays, causing you to run well past the expected completion date. A resolution to that claim might be speeding up the process – possibly via the use of other subcontractors. Or you might have to pay out damages to compensate for the delays. Whatever the claim is, you’ll need to put together a plan outlying both the claims, as well as the method(s) of resolution – as well as how implementing those methods will affect any unfinished business you have on the project.
- Ask for a help. Chances are that while you’re adept at construction, you’re not a legal expert, and accounting isn’t your forte. That’s where experts like McManamon & Co. come in. Professionals who are skilled in construction claims and cost overruns can analyze your current situation and help you determine how to address a claim from start to finish.
McManamon & Co. offers construction claims consulting services – such as reviewing, analyzing and quantifying construction claims – to contractors and attorneys alike. We have extensive experience working with contractors, so we understand the systems used to track projects, and we can help determine damages.
If you’re staring down the barrel of a construction claim, call us at 440.892.8900 or contact us online. We can help you sort out the legal and accounting issues and get you back on the job.
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