Transcript Slide 1

Young Professionals Task Force
(YPTF)
MN State University, Mankato
CM Department Visit
March 30th, 2011
Scott Hollingsworth
• 11 Years Forensic Claims Experience
– Schedule Delays
– Cost Analysis
• Prior Work Experience
– Tucker Alan (2000-2004)
– Navigant Consulting (2004-2008)
Scott Hollingsworth
• BS In Engineering From Purdue (December 1999)
• College Internships With UPS (Summer ‘98, ‘99)
• Study Abroad Program (’99)
Scott Hollingsworth
Tanner Courrier
• 3 Years Forensic Claims Experience
– Construction and Government Contracts
– Negotiated Settlements For REA Prep Claims
• Work Experience
– DNR Services Inc. (2001-2007)
– The Kenrich Group, LLC (2008-Present)
Tanner Courrier
• BS In Construction Mgmt. From MNSU
(May 2009)
• NAHB Student Competition Team
• Certified Cost Technician, Certified Fraud
Examiner, LEED Green Associate
Azure Tower
• Located In Dallas, TX
• Owner Claims Against
Architect
• Design Delay
• Lost Unit Sales
Azure Tower
CAREER PATHS
Project Controls 101
• Project Controls Is That Element Of A Project That
Keeps It On-Track, On-Time And Within Budget
• Cost, Risk, Quality, Communication, Time, Change,
Procurement, And Human Resources
• Project Controls Can Be Responsible For Projects,
Programs, Or Portfolios That Contribute To The
Company’s Bottom-Line
Career Paths
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Cost Engineer
Cost Estimator
Planner Scheduler
Claims Analyst
Project Risk Analyst
Project Controls Manager
Overview of AACE
• 7000 Members Around The World
– 84 Countries
• Top Contractors And Owners
– Bechtel, Flour, KBR, Jacobs, CB&I, Exxon, BP, Chevron,
Duke Energy, NRG Energy
• Cooperative Agreements
– American Society Of Civil Engineers
• Multiple Industries
– Oil And Gas, Utilities, Civil Construction, Defense
Contracting
Benefits of Membership
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Student Membership - $37.50 Annually
Regular Member - $153 Annually
Cost Engineering Journal (Digital Copy)
Education and technical skills at
Seminars and Annual Meeting
Benefits of Membership
• Scholarship Program For College / University
Students - More Than $40,000 Awarded Annually
• Virtual Library – Wealth Of Research Literatures
http://www.aacei.org/mbr/presentation/
• Mentoring Program
• Networking And Contacts – Expand Your
Opportunities With Expansive AACE Members
And Network
AACE-I Represents:
• Cost Engineering
• Scheduling
• Estimating
• Planning
• Project Management
• Cost Management
• Project Controls
• Claims & Dispute Resolution
• Education
• Consulting
• Value Engineering
… and many other related disciplines!
Average Salary 1-5 yrs. Experience
$70,000.00
$60,000.00
$50,000.00
$40,000.00
$30,000.00
$20,000.00
$10,000.00
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2009 Base Salary
2010 Base Salary
Average Entry Level Salary
$60,000.00
$50,000.00
$40,000.00
$30,000.00
$20,000.00
$10,000.00
$-
AACE Certified
Not AACE Certified
2010 Average Industry Base Salary
$140,000.00
$120,000.00
$100,000.00
$80,000.00
$60,000.00
$40,000.00
AACE Certified
$20,000.00
Not AACE Certified
$-
AACE International Certification
• Entry-Level / Junior Certification
– CCT (Certified Cost Technician)
– Requirement: 4 Years Of Experience OR 4 Years Of
College-Level Academic.
• Professional Level Certification
– CCE/CCC (Certified Cost Engineer / Consultant)
– CEP (Certified Estimating Professional)
– CFCC (Certified Forensic Claims Consultant)
– EVP (Earned Value Professional)
– PSP (Planning & Scheduling Professional)
Certification
• CCT Is Relevant For You As It Only Requires A 4
Year Degree
• Check Out AACEI.org
• See Us For Handouts
YOUNG PROFESSIONALS TASK
FORCE (YPTF)
What is the YPTF
• The Young Professionals Task Force Is A Group
Within AACE That Interfaces With The BOD To
Create Value And Offerings For Young
Professionals
• YPTF Gives You A Vehicle To Become A Leader In
AACE And In Your Career
YPTF Value Proposition
• Why YPTF?
– Growth In Capital Projects
– Aging Workforce
– Training
– Networking
– Development Opportunities
YPTF Events
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Annual Meeting Networking Event
Website And LinkedIn Subgroup
Cost Engineering Profile Articles
2010 And 2011 Leadership Conferences
University Outreach
Mentoring Program
CASE STUDY
Case Study
• Does Shoreview Owe Evergreen Any Money?
Please Give An Explanation Of What Is Owed To
Evergreen And Why.
• What Other Types Of Documents Would You
Want To Review?
• In General, How Would You Go About
Determining Who Is Responsible For Delays And
Damages?
Document Request
• Contract, Including Change Orders
• Payment Applications & Paid To Date Records
• Progress Reports
– Daily, Weekly, Monthly, If Available
• Schedule Updates
• Meeting Minutes
• Account Records
– Job Cost Detail
– Budget Documents
Summary Of Damages
• Several Different Components
– Unpaid Contract Balance
– Time Related Costs (Delay Damages)
– Discrete Cost Overruns
– Other
Unpaid Contract Balance
Unpaid Contract Balance
Original Contract Value
Amount Paid to Evergreen
Unpaid Contract Balance
$ 3,800,000.00
3,295,000.00
$ 505,000.00
Time Related Costs
• Those Costs That Are Directly Related To The
Passage Of Time
– Field Supervision
– Equipment Rental
– Construction Trailers
– Cell Phones / Computers
– Debris Fences And Other Barricades
– Portable Toilets
– Water
Time Related Costs
Time Related Costs (Delay Damages)
Evergreen's Time Related Daily Cost
Shoreview (Owner) Caused Delay
Total Time Related Costs
10,000.00
10.00
(1)
100,000.00
Note:
(1) Review Of Project Documents And Schedules Indicated That The
Project Was Delayed By 16 Days. Shoreview Was Responsible
For 10 Days Of Delay And Evergreen Was Responsible For 6 Days
Of Delay.
Discrete Cost Overruns
• Differing Site Conditions
– Additional Haul Tickets For Special Disposition Of
Contaminated Soils
• Track Changes And Segregate The Costs Of
Changes
– Daily Logs
– Daily Reports
– Creating A New Cost Account
Other
• Lost Early Completion Bonus
• Legal / Consulting Fees
• Home Office Overhead
GAINING AN EDGE IN THE JOB
MARKET
Using Social Media
• Create The Right Social Profile
– Facebook, LinkedIn, Twitter, MySpace
– Google Is Your First Resume
– Social Intelligence
• In 2010 Microsoft Released A Survey
– 80% Of HR Professionals Use Online Reputation As
Part Of The Hiring Process
Who Would You Hire
Account > Privacy Settings
Building A Resume
• Create A Winning Resume
– Resume Should Articulate Your Value Proposition
– Understand Weak (“Soft”) Spots In Resume
– Create A Quick Resume
Personal Marketing
• Prepare For The Interview
– Interview Decision Time Is Between 2.5 And 5.5
Minutes
– Start Reading Current Publications (ENR, Economist,
Etc.)
– Learn To Tell A Compelling Story
– Research The Company To Develop Questions
– Practice With Someone Else
– Please Check Out www.yptf.org
Salt Lake City Refinery
Trump Tower Chicago
Project Background
• 92 Story Hotel/Condominium
• Owner: Trump International
• Architect: Skidmore, Owings
& Merrill
• Contractor: Bovis Lend Lease
• Concrete Subcontractor:
James McHugh Construction
Company
Trump Tower Chicago
Allegations
• No Formalized Allegations
• Project Experiencing Delays
Trump Tower Chicago
Our Role
• Retained By McHugh
Construction
• Prepared Periodic Site
Observation Reports
• Tracked Performance V.
Contract Requirements
• Tracked Status Of Follow-On
Subcontractors
• Reviewed Correspondence
Regarding Progress And
Delays
Trump Tower Chicago
Resolution
• Observation Reports Served
As An Independent, Objective
Analysis Of Project Progress
• Used To Resolve Minor
Conflicts
• Avoided Major Disputes