Cost & Time Impact of Rework on Construction Projects

Cost & Time Impact of Rework on Construction Projects

Rework in the construction industry is frequent and well known. It is a drain on construction productivity, profitability, and the timeliness of project delivery for both contractors and owners. Additionally, the need for rework can have spinoff or downstream impacts for all project stakeholders. The causes of rework are, likewise, very well known: design and construction changes; errors and omissions; project enhancements; operability changes; fabrication changes and errors, etc. While rework is common, the impact has not been thoroughly assessed, studied, or discussed. This webinar assesses and identifies the typical cost of rework on a wide range of project types. It shows how the cost of rework is frequently understated and provides an estimate of the true “average cost” of rework. The webinar also identifies the average impact of rework on project duration in terms of time as well as unrecoverable extended overheads and the cost of liquidated damages. Finally, the webinar identifies several practical methods that can be employed by owners and contractors to substantially reduce both the cost and time impact of rework.

Webinar Objectives

Webinar attendees will

• Learn the typical causes of rework.
• Gain an understanding of the cost and time impacts of rework on construction projects.
• Be provided with a model for predicting rework on new or future projects.
• Gain information on a number of practical ways to reduce the amount of rework on future projects.

Webinar Agenda

• Introduction
• Definition of Rework
• What is Rework?
• Causes of Rework
• Estimated Cost of Rework
• Schedule Impact of Rework
• Cost of Rework Caused Delay
• Estimating Model for Rework Costs
• Potential Trend Concerning Rework
• Some Practical Remedies
• Conclusion
• Questions & Answers

Webinar Highlights

• This webinar identifies the reported cost of rework on construction projects as identified by a large number of studies.
• The webinar also estimates the true cost of rework.
• Additionally, the webinar provides an estimate of the average amount of delay caused by rework on the typical construction project.
• The webinar provides an estimate of the delay cost arising from rework.
• In this webinar, you will be shown a model that allows you to estimate the cost of rework on future projects.
• Finally, the webinar provides several practical recommendations intended to reduce the amount of rework on future projects.

Who Should Attend

• Contractor project managers, project sponsors, cost estimators & project control personnel.
• Construction managers and design professionals performing services during construction.
• Project owners and owner representatives.