Hello Planet Planners!
I’m working on a Big Retail Mall Project. Our contract is design and build. We are the Project Manager, Designer & the Constructor. To date, the owner granted us a 3-month time extension - just in time for the mall opening. The thing is, the cut-off of our request for time extension was last February 2003. Another time extension claim will not be possible (as per owner) because the mall opening is already set and is no longer negotiable. With these, we can claim for acceleration cost. My question is, will it be possible if we establish first our probable time extension claim and it will be our baseline of our computation for acceleration cost?
Excess: We are a subsidiary company of the owner & our management prefer that instead of presenting claims, we have to focus on value engineering and other proposals to minimize the cost of the project and at the same time, achieving the requirements on time.
I’m working on a Big Retail Mall Project. Our contract is design and build. We are the Project Manager, Designer & the Constructor. To date, the owner granted us a 3-month time extension - just in time for the mall opening. The thing is, the cut-off of our request for time extension was last February 2003. Another time extension claim will not be possible (as per owner) because the mall opening is already set and is no longer negotiable. With these, we can claim for acceleration cost. My question is, will it be possible if we establish first our probable time extension claim and it will be our baseline of our computation for acceleration cost?
Excess: We are a subsidiary company of the owner & our management prefer that instead of presenting claims, we have to focus on value engineering and other proposals to minimize the cost of the project and at the same time, achieving the requirements on time.