Young Professionals Task Force (YPTF) MN State University, Mankato CM Department Visit March 30 th,...

Young Professionals Task Force(YPTF)

MN State University, MankatoCM 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 • 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

• 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

Benefits of Membership

• Scholarship Program For College / University Students - More Than $40,000 Awarded Annually

• Virtual Library – Wealth Of Research Literatureshttp://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

$-

$10,000.00

$20,000.00

$30,000.00

$40,000.00

$50,000.00

$60,000.00

$70,000.00

2009 Base Salary

2010 Base Salary

$-

$10,000.00

$20,000.00

$30,000.00

$40,000.00

$50,000.00

$60,000.00

AACE Certified

Not AACE Certified

Average Entry Level Salary

$-

$20,000.00

$40,000.00

$60,000.00

$80,000.00

$100,000.00

$120,000.00

$140,000.00

AACE Certified

Not AACE Certified

2010 Average Industry Base Salary

• 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)

AACE International Certification

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 • 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 3,800,000.00$ Amount Paid to Evergreen 3,295,000.00

Unpaid Contract Balance 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 10,000.00

Shoreview (Owner) Caused Delay 10.00 (1)

Total Time Related Costs 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 ChicagoProject 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