Change Order Basics

• Overview
• Agenda
• Faculty
• Credits

Benefits

Attend this teleconference and receive valuable information on change orders, construction change directives, cardinal changes, abandonment, contract modifications and managing change. You will gain a clear understanding of these concepts and how they apply to the owner, contractor, subcontractor, lender and surety. The panel will discuss differing site conditions, defective or ambiguous plans and specifications, disclosure of information, allowances, owner interference, inspections, unit prices, ripple effect, cumulative impacts, disruption, total cost claims, modified total cost claims and contingency, and how these concepts relate to construction contract modifications.

Learning Objectives

• You will be able to identify typical change order concepts.
• You will be able to describe the role of the owner, architect, contractor, subcontractor, lenders and surety.
• You will be able to recognize causes of change.
• You will be able to explain total cost method and modified total cost method.