Lorman Education Webinar. Approved for 1.5 CPD Credits. Register Online to receive a discounted rate.
Even if you know what construction rework is, do you know how much it costs in time and money? Learn about estimating the cost of rework and some practical remedies to reduce the cost and time of rework.
Rework in the construction industry is frequent and well known. It is a drain on productivity, profitability and 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 topic 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. Identify 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 topic identifies a number of practical methods that can be employed by owners and contractors to substantially reduce both the cost and time impact of rework.
- You will be able to define understanding of the cost and time impacts of rework on construction projects.
- You will be able to describe the typical causes of rework.
- You will be able to recognize information on a number of practical ways to reduce the amount of rework on future projects.
- You will be able to review a model for predicting rework on new or future projects.