Episode 48 - Loss & Expense Claims

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This week we will be talking about Loss & Expense Claims. This episode content meets PC1 - Professionalism, PC3 - Legal Framework & Processes & PC5 - Building Procurement of the Part 3 Criteria.

Resources from today's episode:

Calculating Overheads Formula:

1. Tender Overhead and profit/100x(contract sum/period in weeks) x delays in weeks this is done for all items and people
2. Then you take the total project billings / total company billings x head office overhead and profit 
3. Leading to the Contract overhead and profits / no. of days on site x no.of days of compensable delay.  

Books:

• Good Practice Guide: Assessing Loss and Expense
• Architect's Legal Handbook 10th Edition by Anthony Speaight QC & Matthew Thorne 

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