Virtual Learning

Untangling Mark Ups and Overhead

• Feb 1, 2022
  Virtual Learning (desktop/laptop and mobile devices)

The above opportunity and more can be accessed by visiting the TLN Learning Management System (LMS).

Description

The most difficult area for pricing construction changes and claims, especially delays, involves providing compensation for overhead and profit. This includes the proper application of reasonable mark ups. This course will define the two basic types of overhead (field and home office). It will then show how each of these types of overhead costs should be calculated and appropriate mark ups determined. The instructor will work through practical, real-world examples of each cost, showing how they were calculated and how mark ups were properly applied.

Speaker(s)

Bill Haydt is a Director and Shareholder with Trauner Consulting Services, Inc. He has presented seminars, webinars, and construction claims-related presentations for private firms and public agencies across the country. As an attorney barred in the Commonwealth of Pennsylvania, the combination of his engineering and legal background allows him to review and provide analysis for claims in a unique way to help determine liability and then draft that analysis. Mr. Haydt is a qualified expert who has provided expert testimony at deposition, mediation, and trial. He is an award-winning instructor for the Federal Highway Administration’s National Highway Institute and has presented the course, Managing Highway Contract Claims: Analysis & Avoidance.

Target Audience

All staff involved in managing contracts. These contracts are primarily in the construction industry; however, maintenance, design, and bridge and other contract services will benefit from this presentation.